One of the major stumbling blocks to trading success (and in fact every other human endeavor) is what goes on in the mind. This is why as a trader, you must prepare your mind for trading success as well as learn the basics of successful trading.

When your mind works against you, even if you have the best trading system in the world, you will somehow find a way to create trading failure instead of success.

Why So Much Emphasis On The Mental Aspect of Trading

If you’re wondering why there is a such a strong emphasis on the mental aspect of trading, it’s because it’s one of the least spoken about aspects of success. You can find many good trading systems in the marketplace, but traders fail because their mind causes them to fail.

Their inner reality of trading simply isn’t congruent with what’s really happening in the marketplace. Or if it is, they will find many reasons why they should fail. On some level, many traders simply unconsciously sabotage themselves when they are on the path to trading success.

You can read about the best traders, memorize trading principles, learn the most complex and sophisticated trading theories, but still flop as a trader simply because you have not been tuned for success.

Streams Of Consciousness

One of the cheapest ways to develop your trading awareness and mental strategies for trading is to keep a journal. Yes, I know it’s the third? fourth? fifth? time that I’m mentioning this, but that doesn’t make it any less true.

Most people aren’t aware of what goes on in their head. It’s as though they live their lives in an eternal mental fog. They just go through repeated patterns of life, repeating certain behaviors and thoughts over and over again. And then they wonder and curse at life for being unfair to them when they keep on getting the same results.

You Want To Be Successful?

First find out what goes on in your head. And there’s no simpler and cheaper way than keeping a journal that records your stream of consciousness.

Do this exercise for the next 30 to 45 days:

Every morning before you start your day, write three pages of what goes on in your head into your journal. If you like writing on paper, then use a simple exercise book. If you prefer typing, then use The Journal Software.

Write 3 pages, or keep at it for between 15-30 minutes every morning.

Monday to Sunday, every day without fail. Yes, Monday to Sunday.

Hmmm…You’re thinking too difficult…? And you say you want to be successful…?
What to Write:

Anything and everything that goes on in your head. You can even write “I don’t know what to write“, or “This is such a stupid exercise that I don’t know why I’m wasting my precious time on this“. Simply write everything that goes through your mind.

You’d be really surprised at what you are really thinking the majority of the time. And you’ll start to become aware of what are the fears, beliefs and repeated thoughts that are holding you back from your success.

And when you start to realize this, you have expanded your awareness to understand what you can do to bring your trading to the next level. And you’ll be that one step closer to your trading success.

Download The Journal Here