Great Tips For Traders
This morning I received a newsletter from Glen Larson, President of Genesis Financial Technologies. Glen and I have known each other for years, and I always enjoy his insights.
In this issue of his newsletter he had some great tips for traders that I would like to share with you.ÂÂ
Here's what Glen wrote:
In virtually all areas of your life, your attitude will impact your success more than any other factor. This is especially true in trading.
I have seen it time after time, people/traders get what they expect. Their expectations are manifestations of their attitudes.
With all the negative media about how terrible the current economy is, it becomes more and more difficult to have any time for positive attitudes or expectations. I do understand we must face current conditions of higher gas prices and other economic factors, but that does not mean we need to focus on them and not on what we want.
The most important thing you can do for your success is to take control of the suggestive elements in your environment.ÂÂ
Make sure you are controlling what you are allowing your mind to focus on.ÂÂ
Some of the best trades of a lifetime, trades that come around only once every 20 years are occuring NOW.
If you are focusing on how bad everything is, you will miss these opportunities. That's why I encourage you look at your current attitude and make sure you are ready for these awesome conditions.
The easiest way to get out of the pits, if you are caught up in all the negative, and keep your attitude positive is to guard what you are seeing and listening to.
Here are some steps to take:
Listen Your Way to Success
I'm sure you've heard the statistic before, that the average person drives over 12,000 miles per year which works out to around 500 hours per year that the average person spends in his or her car. You can become an expert in your field by simply listening to educational audio programs as you drive from place to place.
Take Courses
Attend seminars given by experts in your field. Do this not only for trading but in the field of your current employment. Take additional courses and learn everything you possibly can. Learn from the experts. Ask them questions, write them letters, read their books, read their articles and listen to people with proven track records. But be wary of traders making untested claims. We hand pick our partners from real traders, experts that have been in the business long term with proven track records.
Get Around Positive People
Associate only with positive, success-oriented people. Get around winners. As we say, fly with the eagles. You can't fly with the eagles if you keep scratching with the turkeys. The biggest change you can make is to simply get away from negative people. Get away from negative coworkers. If you continue to associate with these negative people, I can virtually guarantee a life of frustration, and underachievement.
Visualize
The last thing before you sleep and the first thing in the morning, think about and visualize your goals as realities. See your goal as though it already existed. Your subconscious mind is only activated by affirmations and pictures that are received in the present tense. See your goal vividly just before you go to sleep. See yourself performing at your best. See the situations that you're facing working out exactly the way you want them to.
What to do?
Here are two things you can do, all day long, to keep your mind and emotions focused on your goals and financial success:
First, listen to audio programs in your car and when you travel around. Continue feeding your mind with a stream of high-quality, educational, motivational material that moves you toward your goal.
Second, resolve to associate with positive, optimistic people most of the time. Get around winners and get away from negative people who criticize, condemn and complain. This can change your life as much as any other factor.
Guard Yourself
Consider your attitude the most valuable asset you have in your trading career, as well as your life.
You will seldom achieve more than what you expect, so expect only the best.
Guys, THIS is dynamite!
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