MOT #80 - Victory is in the Eye of the Beholder

Leave a voice message and you might be on MOT: http://www.tradingpostfinancial.com/mot ------- We have all heard the phrase "Beauty is in the eye of the beholder". I want you to adjust that and think about "Victory being in the Eye of the Beholder". There is not one hard and fast rule as to what a victorious trading session is. Many will possibly say that profit is the only variable in determining that, yet just as in any other area of your life, there are many perspectives. If a person ran a one mile race and their finishing time was 1 hour, you would think that they could never consider themselves to be victorious in a race, yet if this person had not been able to walk in the last ten years and then accomplished that, we would all say that it was an amazing victory. When we trade, each of us needs to step away from what the crowds say and not just follow everyone else. True victory comes to those who see what they have been doing and then set new targets that will stretch them, teach them and allow them to grow. We might fall during this process, but we will only fail if we decide to never get up.

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Trading isn't easy money; it's about the will to succeed and the discipline to become rich. Join Steve Croft, VP of Business Development for Trading Post Financial, weekly as he discusses, in The Mind Of A Trader podcast, the motivations and psychology behind a trader.