Becoming a Successful Trader: The Habits (4-6)
This article in The Trader’s Pendulum Series discusses habits 4-6 of The 10 Habits of Successful Traders to give you areas on which to focus to move from hobby to business in your trading. In the last article we discussed the first 3 habits which will get you working on your trader’s business plan, or at least the goal setting section. Your mission in developing these habits is to get out of the Technical Trader’s Trap and transform into an Entrepreneurial Trader. By now you have completed the Scorecard (www.fxtradersedge.com/scorecard) and are ready to get down to business.
- Commit to your education with a trading coach
How do successful performers structure their improvements in any field of endeavor? The answer is pretty clear. They have a coach and they build skills by studying, learning and practicing. Most expert performers engage mentors at various points in their careers to help them learn and grow. If you think you can train on your own you’ll need to define structures to keep you on track and accountable. Take the step to keep yourself on track and to achieve your goals – think about getting a coach. It’s often too easy to get locked into your own head and your own ideas and before long you’ll find your visions have narrowed.
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