WARNING: THIS BLOG POST MAY MAKE YOU MAD…IF IT DOES, GOOD!
IT TELLS ME YOU UNDERSTAND AND BELIEVE THE TRUTH IN WHAT YOU ARE READING. WITHOUT THIS BELIEF, YOUR LONG TERM SUCCESS AS A TRADER IS IN GREAT JEOPARDY
As we near the end of the 1st quarter of 2014, I am reminded of how painful it is for me to witness how many traders are still looking outside of themselves for the magic bullet to trading riches.
In fact, it is downright discouraging. I see and hear the struggle of forex traders on a daily basis. And quite honestly, sometimes I ask myself if what I do even matters to traders.
Just the other day, I sat in on a webinar to hear what is going on in the trading education space and I have to say it pissed me off.
Traders are being sold a pack of “get rich quick lies” lies which they salivate over and will buy just like a Pavlovian dog.
It’s as if traders are actively looking for these peddlers of hope. And the peddlers of hope are right there with the next best thing…another course which will surely give you the riches you feel you deserve!
Traders want to believe if they just follow this person and do what he does, they won’t have to face the pain of their own losing self.
They won’t have to face the humiliation they feel about telling their spouse, their family or their trading colleagues that they “did it again”.
What traders don’t want to do is take responsibility for their own actions when they trade…if they did, they would have to tell the world they lied once again to themselves, to their family, and to their trading friends.
Instead, traders hide…they hide from the reality that it is not about the next Bank Trader, the next indicator, the next smart tool or the next shiny new trading course, it is about them!
Wake up!!…the day you tell yourself as a trader that the buck stops with you, is the day you start to turn a corner in your trading.