Know Yourself

Admitting to yourself certain weaknesses and areas that need to be improved is not always the most enjoyable activity to take part in; however, it is a required activity if you want to reach your maximum potential. In the world of trading, you must be brutally honest with yourself and admit all weaknesses. At times, you may just have to admit, “I’m simply NOT good at this…” I know we are brought up in a culture of “keep pushing and you can do it!”, which is awesome in most areas of life, but when it comes to trading, this sort of attitude can cause a whole lot of financial pain. In this episode, I welcome back Alex (”LTP” in the chatroom) and he shares with us an update on his journey. He is doing well and figuring out a whole lot. The backbone of his improvement is getting to know himself better by being honest with himself and admitting certain areas he’s no good at. By admitting this, Alex has been able to improvise and adapt to more suitable areas of the market that allow him to find comfort and success. One of the great facts about the financial markets is they are so massive. This allows for plenty of wiggle room and flexibility when it comes to finding something that works for you. But again, this will only be possible if you get to know yourself and are brutally honest with yourself. Alex is a shining example of it. Let’s go!