Â Â Â Â You have heard it said that there is no â€œHoly Grailâ€ to trading, and thatâ€™s correct. Right? Well, yes, itâ€™s correct, but then there is a facsimile that can come pretty close: itâ€™s called Wisdom. Surprised? You shouldnâ€™t be; after all, like trading skill, you have been accumulating this wisdom piece-by-piece since your trading infancy. Did this wisdom come from some long, gray-bearded wizard standing on a mountaintop? No, it came from risk taking, psychology evaluation, stabilizing your emotions, knowledge gleaned from trade hesitation, your role models, your mentor, and introspection lifted from your journal of trading mistakes. Â All these â€œparticles of wisdomâ€ â€“ when applied to your trading skill â€“ become the keys to consistency, which propel your methodology to profitability and yield financial success as the reward for your endeavors.
In trading, as in life, the pursuit of wisdom is never ending. Always desiring to be the recipient of trading input, to be wiser today than yesterday, and to seek wisdom from those more experienced in the markets than you are your goals. Â At times, it may take humility to do so, but the results in your account will be astonishing.
Â Â Â Â Â Have you picked up any â€œgolden nuggetsâ€ for your trading wisdom arsenal yet today? Well, if not, here are a few that you might want to consider:
Â Â Â Â Â Â Trading is the greatest business in the world, and wisdom can empower you to stay in this business for as long as you choose to do so. Enjoy the journey, your success, and your career. Â Â Â Â Â Â Â Â Â Â
Todd Mitchell is the CEO & Founder of Trading Concepts, Inc. He's been trading since 1994 and has mentored over 12,000 traders from Wall Street to Main Street. He's an expert at developing strategies for creating more consistent daily, weekly and monthly income.
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