Your Personal Responsibilty

Question 1

Unrealistic Expectations

Answer 1

Think trading is so easy
Underestimate the amount of work needed to get where you want

Question 2

Underestimating the power of trading psychology and mindset

Answer 2

Biology emotions
Psychology Barriers

Question 3

No real trading plan, system or discipline of stick to it ness

Answer 3

Going from one plan to the next

Question 4

No consistency in money and trade management

Answer 4

No system in Place to take profits and cut losses

Question 5

Too focused on making money

Answer 5

Will be stuck in the fear and greed cycle

Question 6

Not taking complete responsibility sets up 2 major psychological obstacles.

Answer 6

Random trading habit
A different trading methods every time
B not being able to learn from prior mistakes
C Education junkie

Inability to grow mentally and emotionally as a trader

Question 7

How do you begin to take responsibility

Answer 7

Believe that all of your outcomes are self gendered

Restructure how you perceive unfavorable market out comes

Continuously work on self development

Get a plan and plan for your risk
Have a plan for your trading system
Trading system
Money management
Trade management
Do the work

Question 8

Create a reward system to stay disciplined and consistent

Answer 8

View reading as a process and not as gaining or losing money

Reward yourself for sticking to your plan
Penalize yourself for deviating from your plan

Question 9

Accept the risk

Answer 9

Accepting the risk and engaging in risky behaviors is not the same thing