Trader Mindset

Trading And Mental Toughness

Jul 5, 2023
Explore the critical impact of mental toughness on trading success. Discover how personal experiences shape resilience and the importance of facing challenges. Delve into the balance between passion and financial responsibility, especially for the younger generation. Learn how competition, Stoic philosophy, and community support can foster personal growth. Understand the role rigorous training plays in cultivating discipline and character through the lens of trading and martial arts. Embrace failures as stepping stones to self-improvement.
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INSIGHT

Mental Toughness Over Instrument

  • Mental toughness is key to trading success and not about the instrument traded.
  • It largely stems from upbringing and personal resilience, not from trading books or courses.
ANECDOTE

Jujitsu Builds Mental Toughness

  • Michael encouraged training with higher belts in jujitsu to foster growth through failure.
  • He admired persistence in taking beatings and returning to class as a sign of mental toughness.
ANECDOTE

Pressure Cooker Growth in Cycling

  • Training with varsity cyclists pushed me into the pressure cooker where I found my edge.
  • The grueling rides forced mental toughness that transformed me from enthusiast to professional.
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