“Desire is the starting point of all achievement, not a hope, not a wish, but a keen pulsating desire which transcends everything” Napoleon Hill

We all start trading with the desire to achieve the road to financial freedom, sadly 90% of traders do not make it and quit before achieving their desired goal.

The question is why 90% of traders fail while the 10% accelerate.

After studying this subject, I have came to realize, there are no good traders or bad traders, however, there are disciplined traders & undisciplined traders.

You simply CANNOT survive the market if you are emotionally undisciplined to follow your set plan.

Those two categories define trading and its all you need to know about trading & literally the ONLY thing that keeps you from achieving or not achieving your goal when you originally started.

“Nobody ever lost money taking a profit.” — Bernard Baruch

“Risk comes from not knowing what you’re doing.” — Warren Buffett

The above are short statement’s but very powerful, now if you focus on the quotes you will get a clear picture of the underlying message hidden in the quotes, They are :

1. The discipline of sticking to your plan (execution plan)

2. Strict Money management. (Discipline)

3. Knowledge of an edge that works for you. (Discipline of not jumping in every trade without a prior plan)

The DISCIPLINE of keeping the above 3 rules will keep you engaged with the market through ups & downs.

The above was food for thought.

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Yours Truly,

Trader’s Mindset