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Traders "Pro Active" and "Ray Active" – A Story!

Pro Active and Ray Active are both wannabe traders, but their approach to trading is quite different. Ray is consumed with trading for profits. He imagines himself achieving great wealth, and thinks that when he amasses the riches he is after, he'll finally get the respect and recognition he always wanted from his wife, family and friends. He thinks, "If I can only make it as a trader, I can show everyone that I deserve their respect."

Pro doesn't care about what other people think of him. He concentrates on building up his trading skills. He thinks it would be nice to make consistently regular profits, but he doesn't feel that he absolutely has to obtain great wealth. He enjoys trading. It's fun. It's what he has discovered he always wants to do. He would trade for minimum wage if he needed to. He doesn't want to do anything else. He feels confident that if he applies himself, he will eventually become a profitable trader.

Pro has a strong sense of his own value as a person, and because he lets his own motives and values guide him, he is likely to reach his goal of become a winning trader. On the other hand, Ray is looking for his value through the eyes of others.

If you want to be a happy winning trader you cannot allow your "net worth" to define your "self-worth." Any confidence you have has to be within yourself.

Winning traders develop or already have a sense of inner, rather than external, self-value. You are, what you think you are, and the only evaluation of yourself that counts is the one that comes from inside you. That is why anyone who wants to succeed at the business of trading must confront him/herself and discover and deal with who they really are.

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Sunday, 14 July 2024

Derivative transactions, including futures, are complex and carry a high degree of risk. They are intended for sophisticated investors and are not suitable for everyone. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. For more information, see the Risk Disclosure Statement for Futures and Options.