Tuesday, October 30, 2012

Trading Mantra

I have chanced on the below mantra from forex factory and I think it is very useful and appropriate to assist me in my journey so I thought of writing down here to remind myself everyday.

"I am a professional trader. My job is to take risk. I am able to honor my stop losses because I am a professional trader. It is my job to trade consistently. If I manage my losses, I will be profitable because I am a professional trader. I pride myself in my ability to let my profits run until te market tells me to cut. I feel good about being able to not let my emotions rule my actions. I am a professional trader and will make money by ear end". I will achieve this by following my stops and profits to conclusion and not allow my emotions to overrule my actions. I am a professional trader and therefore flexible in thinking and will not allow my current position in the market to overshadow new information being accumulated. I am allowed to make mistakes as it is part of being a professional trader. I forgive myself easily for making mistakes and move on to next opportunity. Letting losses run is not in my own best interest. Cutting profits short is not in my own best interest. What I have read here is the truth and I believe in my ability as professional trader to always act in my own interest"

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