1.) Have a Vision
Creating a Vision can be very motivational tool. You must ask yourself, what is my preferred future? You have to create a vision of what you want to be, and you have to live into that picture, as if it were already true. By creating a vision, it will identify a direction and purpose, and it will promote a laser like focus, which in turn will build confidence. What better way to motivate you?
2.) Step outside your comfort zone.
90% of traders lose money, so have you ever wondered what sets a master trader apart from the amateur trader? It is their determination, countless hours of learning, improving their skills and having a drive to succeed. You have to challenge yourself, only challenge causes growth, only challenge will test our skills and make us better traders. Each and every one of us can and should strive to extend past our comfort zones to achieve personal success in life. To succeed we have to extend ourselves a little further. Go on! Give that comfort zone a nudge.
3.) Leave your negative friends
Always be in a positive frame of mind.Politely walk away from “friends” who don’t support your goals. If you associate with negative people than they will pull you down. Never indulge in negative gossip, because it will drain your energy and stifle your own optimism. Cynics and negative people do not create. I come across many traders’ who will always look at the negatives first, so the positive value is hidden, as they are unable to see this. They will not only be a failure, but pull you down too. So stay away from such friends. Enthusiasm for life is contagious; being in a positive frame of mind will greatly assist in your trading. So hang around with traders who are positive, focused and successful.
4.) Plan
One of my golden trading rules is planning. In trading this has no equal. One hour of planning and doing homework will save you lot of money by not pulling the trigger on a losing trade. Most traders don’t take that precious hour to plan, because we all want to rush into a trade; don’t want to “miss” the trade. We don’t understand that this one-hour spent in planning will be the most productive hour. Successfully planned trade will motivate you, and will certainly increase your bottom line.
5.) Relax
A relaxed mind will think well. For some traders, who like to work non-stop, doing nothing can actually be pretty difficult. You should always set aside some free time to do nothing, this can actually be healthy for your mind, body, and emotional life, especially if you find that you’re really wearing yourself down. Completely relax and don’t allow television or music to distract you. Feel your sense of belonging to silence. Sitting in silence gives your most perceptive side a chance to speak to you. It allows your true dream in life to take shape and clarity. This is a kind of meditation to empty the mind and if you can achieve this for some time, than you will achieve levels of tranquility and serenity that is difficult to achieve any other way. The person’s mental and emotional as well as physical health is likely to improve with that kind of meditation practice.
