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Showing results for tags 'market psychology'.
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Successful traders have learned that the most valuable and difficult skill to develop is the ability to wait for the market to align with their trading strategies. This ability is developed by placing ourselves in a process empowering us to gain a more complete understanding for the work that needs to be done, why we are doing it, and how best to support our efforts every day. This is the level of commitment needed to become aware of the subtleties making the difference between success and failure. The process of a successful trader ensures they only participate in the market when they are certain of market state, confident in their strategy, and committed to waiting for market alignment. In other words they know precisely what they want to do, why they want to do it, and how they are going to do it. They are waiting for the market to tell them when they can do it. Deep connections to their trading activities at functional, psychological, and practical levels make this possible. The first essential step required to build your process is to identify your core beliefs and detail why they best support your development and performance. Trade well, Ray Burchett
