PJ Garcia

A Day Traders Mindset & Attitude...

Mindset and attitude are crucially important to your success as a trader as with anything else in life. Mindset to put it brief is your set of core beliefs and these core beliefs will have a direct impact on your actions and habits. Your attitude must reflect that you may have to fail your way to the top. You must be resilient and willing to get back up after being knocked down. The market has its own way of teaching you respect. Accept the fact you’re going to get your teeth kicked in from time to time. Its best that you take all the punches in the beginning, so you learn to bob and weave early on. It takes tough character, courage, and confidence to stay in the markets. Becoming a good trader means working on yourself as a person in whole. Any underlying psychological issues you have will show in your trading. Knowing when not to trade is vitally important. As for myself personally, I have found a direct correlation between my external stressors affecting my trading performance. If you’re anything like me, you may be looking for a dopamine boost within a trade when under allot of external stress. This means subconsciously hunting for homeruns and then revenge trading when I strike out. Truly a recipe for disaster. Being self-aware and disciplined leads to true mastery.

 Don’t ever underestimate the capabilities of not only yourself, but also of the human mind. You are capable of much more than you can imagine and only struggles, falling and getting back up will prove this to be true. One of the reasons I fell in love with trading securities is because of the personal development aspect.