Thought process of Professional Traders

Most people enter trading with the idea that they are going to make a lot of money. In other words, they have high expectations.  There is nothing inherently wrong with that idea. In fact, we need motivation, and making a lot of money can be a great a motivator. Unfortunately, many traders also have low self-confidence. And are not profitable or not trading at the level they desire or are capable of.
This is a fairly common condition that can be expressed in the simple equation:

High Expectations + Low Self-Confidence = Poor or Inconsistent Performance.

As a trading coach, part of my work with traders involves changing the equation,
High expectations are replaced with a focus on executing one’s trading process
Low self-confidence is replaced with high self-confidence.

The new formula becomes:


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