Tuesday, May 22, 2007

The Power of Expectation

One of the most powerful emotional triggers we can bring into our trading is the power of expectation. Expectations are the fuel that makes our trading goals seem to rush towrds us. Therefore, setting postive expectations is a critical component of our emotional mindset, especially when we are trading.

Here are some thoughts to help you set profitable expectations before beginning your trading session:

  • Trade to be great! Enter every trade with the expectation of making profit and not losing money.
  • Embrace the challenge of the market. It is through these challenges were growth lies.
  • Don't focus on the results. Instead focus on the process and the results will take care of themselves.
  • Believe in yourself.
  • Commit that nothing will take you off of your "A" game while trading
  • Be decisive and except full responsibility for the outcome.
  • Have positive self-talk. Negative talk will lead to negative results.

Expect to be profitable even in the face of obstacles. You have a choice. You can move forward in action or backwards in fear. Positive expectations will promote the positive results and positive results in our business always leads to profit!

This is a sample of the trading methodology at Forex Journey. We go way beyond trendlines and chart patterns!

Happy Trading!!