It’s not always about the talent or the skill, to some it’s luck, relationships, networks and to others it’s timing and that thing we cannot put a finger on (divine intervention) … probably.
“Psychologists call it the 90-10 principle. Ten percent of life is what happens to you and 90 percent is decided by how you react to it. We have no control over what happens to us – high winds rip the roof off, your train is delayed, or a meteorite lands on your car. The 90 percent, however, is up to you.” – (Rod Judkins)
We live in a strange world, live a life without a manual or rewind button, your mistakes are your best advisors. Some started and got the breakthrough others are still looking. I read Dr. Papa Kwesi Nduom’s story in the Forbes magazine and it’s really amazing how he got his break in the “washroom.”
I have seen people play from the dirtiest fields to the greatest fields of the world, I have also seen others grey on the same dirty field. Such is life, the only element you have control over is the ability to keep fighting till you see that light.
Just don’t give up, don’t be like the proverbial miner who couldn’t dig for gold because he got fed up. Don’t be fed up, and don’t look back, there’s a reason you started and you must achieve that.
Your destination is forward and that should be your direction. Isn’t it interesting that before we see day light we have to go through darkness? Have you thought about that?
Greatness is never achieved in a comfort zone. It takes a lot of hard work, strategy, vision, focus and the zeal to ignore the world for the goal. It doesn’t matter how you started and how people see you, that is their problem, your success should be your problem too. Remember there will never be a better time to start, you would always wish you had started earlier, that could be today. Small starters end great.
“During the 1920s, brothers Adolf and Rudolf created the Dassler Brothers Sports Shoe Company, a business based in their mother’s laundry room in Herzogenaurach, Germany. By 1948 they had split the company into separate firms, with each of them running one of two competing factories on opposite sides of town. Their equal determination to produce the better sneaker led them to be world leaders in their field: Adolf’s company was Adidas, and Rudolf’s was Puma. Herzogenaurach became known as “the town of bent necks” because residents were constantly checking to see which of the two brands their neighbors were wearing.”
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How to Gain Self-confidence as a Professional Trader
Confidence is one of the key ingredients which will allow you to trade the market like a pro trader. If you wish to build your career in the investment world, we strongly recommend that you learn to take the trades with strong confidence. It might take a while to get used to the overall concept of trading but once you become good at analyzing the market data, you can build your confidence level. But developing your skill in the retail trading industry is not that easy. You have to follow some specific rules and only then you can expect to become a full-time trader.
In this article, we are going to give you some advanced tips which will allow you to trade the market with a high level of precision. Once you become good at following the tips mentioned in this article, you will never struggle in the ETF trading industry.
Forget about the past trades
The novice traders get biased with the losing trades. They keep on monitoring the market and repent of their mistakes. On the contrary, the professional traders take smart steps and without any repentance, they look for the next trade signals. If you wish to develop yourself as a professional trader, we strongly recommend that you forget about your past trades. You can’t undo your past. Instead, look for the next trade signals strategically and try to find the solutions to this market.
Trade with long term goals
You must take the trades in the market with long-term goals. Without setting up long-term goals in the investment business, it is very hard to stay tuned with the market changes. View the website of Saxo and learn about the importance of having strong determination in the trading business. Unless you are determined with your actions, you will keep on losing money most of the time. So, follow a conservative way and systematically take the trades. Once you become good at evaluating the key direction of the market, you can easily change your life.
Analyze the high impact news
Learning about fundamental analysis will improve your decision-making skills to a great extent. Very few traders in the retail trading industry have the skills to evaluate the fundamental data in the market. If you want to survive in the retail market, you must learn to take your trades systematically. Forget the fact that you are know everything about this market. See how the news data changes the course of the trend. As you become skilled in analyzing high-impact news, you will slowly learn to take the trades with strong confidence. This will also make you a better trader and let you systematically trade this market.
Create a trading routine
To build strong confidence in the trading profession, you should trade the market with a balanced trading routine. Unless you take your trades with a proper trading routine, it will be really hard to bring any positive change to your trading system. As a trader, you might be thinking that you know every bit of detail. But this is not all true. In your trading routine, you must define all the basic rules. If you don’t trade the market with predefined rules, it will be a big challenge to make bring changes to your trading system. Follow the basic rules and trade the market with long-term goals.
Trade with low risk
You should always trade the market with low risk. Once you start taking the trades with managed risk, it will become an easy task to develop self-confidence. The majority of novice traders don’t have the strong skills to deal with the complex market. Usually, they aggressively take the trades and they lose a significant portion of the trading capital. So, trade with only 2% risk in the trades and it will help you to build strong confidence at trading.
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