Programming Confidence For Futures Traders
All of the successful traders that I have known have had one thing in common. They are supremely confident in their ability as a trader.
However, if you are not yet a successful trader, how can you gain confidence? The answer is that you need to believe with all of your being that you are the successful person you intend to be.
When I first began trading on the exchange floor, eons ago, I looked at the other traders and thought that I was at least as smart as a lot of the traders who were very successful. Yet, they were successful and I was not. What was the difference? The difference was that they believed in their abilities as successful traders as proven to them by their long term success.
I had no such history of success, but I had read as much as I could by Napoleon Hill, Og Mandino and others and I believed, to paraphrase Ralph Waldo Emerson, that:
“We become what we think about all day long”.
To control my thoughts and establish a belief system that included my being a successful trader. I wrote down three affirmative statements on a 3″x5″ card, put the card in my shirt pocket and read it to myself several times a day. Recently, I found one of the first cards I used 30 years ago when I cleaned out a drawer at home. I remember reading the words hundreds of times. My card said:
- I am the best broker in the pit.
- I make $500 a day
- I deal from a pedestal of calmness.
Now, you may ask, was I the best broker in the pit? The answer is no.
Did I make $500 a day when I was telling myself that I did? No again.
Did I deal from a pedestal of calmness? Not exactly.
What I did do, was progress in the direction of these goals. I repeated these lines over and over until I believed them. In the end, I had the confidence of someone who believed himself to be a success. Programming myself to be confident in my trading prior to actually achieving that success was crucial to growing from an also-ran trader to someone able to earn a living trading.
When you write out your own affirmations be sure that you word your affirmation as a statement of fact. You are not tentatively asking for something. You are making a declaration of what you want to become as a clearly-stated reality.
If you want to be a success at trading, or any other endeavor, first you need to convince yourself that you are indeed a success. Then, you need to work to make that goal a reality.
In the words of Bruce Lee (yes, that Bruce Lee),
“as you think, so shall you become”.
Wishing you success in your trading, Jeff
Jeff Quinto is a 37 year veteran futures trader and world-class trading coach. Jeff coaches traders from around the world in his Electronic Trader Mentoring Program and his new Upgrading Your Trading Online Course.
You can sign up for Jeff’s free newsletter at http://ElectronicFuturesTrader.com
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