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What is the difference between successful and unsuccessful trader?

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The emotions and mental states that dictate success or failure in every area of your life, but it is even more so important in trading the financial markets. I believe that 90% of traders fail and one of the major reasons is mental fitness. You may have the skill, but still fail. Being at the right place at the right time may not help you if you are not the “right person”.

Mental fitness refers to the aspects of an individual’s mental makeup that help determine whether he or she will be successful, whether it is trading, sports, running a business or even in day to day lives.

Discipline and risk-taking are two of the most critical aspects of psychology, if you are to succeed. While fear and greed are the two most commonly known emotions if not controlled then could lead to failure.

In this book on “DEVELOP A WINNING ATTITUDE”, you will learn:

  • How to control your emotions when making decisions.
  • How to master self-discipline and stick to a plan.
  • How to learn from mistakes by self audit – use of a Journal.
  • How to have a confident mindset while maintaining a flexible and open mind.

Successful people are always looking for an edge. Sometimes, the largest obstacle between you and success is yourself – your mindset.