Becoming a Successful Trader: Habit #10
This article in The Trader’s Pendulum Series discusses habit 10 of The 10 Habits of Successful Traders to move you from hobby to business in your trading. In the last article we discussed habits 7 – 9 which highlight the trade plan and performance metrics. Your mission in developing these habits is to get out of the Technical Trader’s Trap and transform into an Entrepreneurial Trader and get out of hobby mode. By now you have completed the Scorecard (www.fxtradersedge.com/scorecard) and are ready to get down to business.
- Add balance to your life
Have you ever experienced a state of mind where you were in an unbalanced state? Can we agree that life balance is important? It’s not just about the money from a trade, is it? It’s about balance! When you are balanced in your lives, don’t you feel balanced in your trading? If you adopt an approach to trading where it isn’t your whole world, you’ll better achieve the work and life balance that we all strive for. Of course, you’ll need to ask yourself how trading fits into your life, how you are planning to simplify your life, what the rewards will be if your trading is on target, and what kind of a life you will have outside of trading.
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