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You can spend weeks stalking a chart and have the set up work perfectly, only to have the name reverse, sometimes in the same day.

You put all this work in and the name doesn’t have the common courtesy to go up…

How do you feel about that?

For some of you, it can lead to disappointment or anger.

If that’s the case, you can sometimes become derailed and trade on those emotions – whether you have systematized rules or not.

It’s important to remember that we are guests at the market’s party and we’re lucky enough to be invited in the first place.

False breakouts and reversals don’t care when you get long.

Sometimes the market is not amenable to your trading style.

It has nothing to do with you or your ability so you might consider not taking it personally.

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It happens from time to time that you make a huge win. You should celebrate it and understand that they don’t happen all the time.

Many traders will intuit that they are “on to something” and without any thought, start to trade larger.

They also start trading names or asset classes outside of their core ability.

Plan to grow methodically and not get to invested in the hubris that we can feel after large wins.

Someone a lot smarter than me said “pride is a big banana peel.”

If you stick to trading a fixed percentage of your assets, you’ll be fine.

You can condition yourself to feel the same about all your trades – you’re just following your system.

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What does trading mean for you in your life?

What do you want your money to do for you?

When you know the answer to some of these type of questions, figuring out the best asset class and trading style will be easier.

Know and master yourself first, then figuring out the trading part is much easier. 

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Having a good attitude is the one thing that I can’t teach or give to you.

I can help you change your paradigm and that in turn can help you have a good attitude.

However, you’re going to want to do the work.

Sometimes a good attitude can carry you when nothing else is working.

According to General James Mattis, to the “USMC, attitude is a weapon system.”

Think about that for a minute…

How can you incorporate this wisdom into your daily routine?

Click here to get your free copy of The Inner Voice of Trading audiobook.

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If you know someone who trades across asset classes and trading styles, they are likely gambling.

A trader becomes the casino when they stick to one asset class and one style of trading, and get that down cold.

Making predictions, fading the Fed, and fighting the tape are all examples of gambling.

Tell them to keep their opinions to themselves and focus on getting good at one thing, and grow from there.

Click here to get your free copy of The Inner Voice of Trading audiobook.