Failure is your greatest gift, Learn from it.

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

I told you on Saturday I had attended a meeting last Thursday with Jordan Belfort - The Wolf of Wall Street. I have made some notes and write those notes / comments below.

Before you read those, it is important to know that the reaction of your mind, in trading is second to none and as important to learn, than most of your trading techniques. Try and read "Trading in the Zone" by Mark Douglas, you will find the link below on the right.

Please think these notes through:

Success is never an accident. Neither are wealth and happiness. They are achieved on purpose, by people who act on purpose, and by people who all follow the same proven success formula.

Underneath creates the upper - Your roots create your fruits.

It is not where you are, it is where you are heading.

Reset your thermostat to a higher level, you will rise or fall to this level.

Model your mentors patterns - Total immersion.

You control your emotional state.

Certainty, Clarity & Courage/Confidence.

Visualise your success before you have it.

Limiting beliefs of anything, effects your performance.

I am responsible for my world, vs I am conditioned by others.

What I focus on - Expands, attracts and moves forward.

Set your vision (which inspires you & others) above your goals and your goals above your comfort zone. The road to happiness/success is along the way.

Turn failure into feedback.

Enter your trades understanding you will lose money and except the risk.

Confidence vs Competent - Respond & Not React needs practice.

A strategy will only work when you can visulise feel & believe in it working.

Does your hearbeat with fear when entering a trade ?

Turn fear into power.

Rich people make decisions quickly and change slowly.

Poor people make decisions slowly and change often & quickly.

Money rolls in and freedom rolls out.

January was not the best of months for trading with many positions being stopped out, with the slate clean and the above thoughts in our mind, lets reassess our charts and move forward.

Trade with Passion

John Maher
Forex Analyst

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