THE EMOTIONS OF A TRADER

1.       Contentment: The trader must be satisfied that they are trading the right system for their risk tolerance and beliefs about the market. Their should be no internal conflict about your trading method. Your entries and exits should flow out with emotional stability.

2.       Hopefulness: A trader must have the belief that he will win in the long term and it is worth the effort to capture the future profits. If you don’t believe in your trading method you won’t make it in the markets.

3.       Optimism: Winning traders believe that they are always getting closer to that next big winner or string of wins.

4.       Positive Expectations: To be successful the trader must expect that in the long run their robust system will produce profits and not lose faith in what they are doing during draw downs.

5.       Enthusiasm: The winning trader enjoys the trading process and loves playing the game that is the markets.  We need the energy of inspiration to drive our work ethic.

6.       Passion: The traders that end up as the big winners are the ones that have the drive to keep learning, keep growing, and put in the work needed because of the energy that comes from their passion. A focused passion is what  gives birth to perseverance and success.

7.       Empowerment: The best traders in the market can not even imagine doing anything else but trading. They truly get joy from the freedom of being a trader and love what they do. They know who they are , they know what they need to do to be successful, and they do it. They save all their energy from internal conflict and focus like a laser on winning. They pick themselves to be winners in the markets.