Reasons to Get Back into Routine

If you gather all the traders that have pushed to succeed, you will probably find more losers than winners. This is because trading is known as being one of the most mentally draining careers. Unfortunately, there is no room for average traders and it could take time to become one. Success is based on winning and being good is just not enough.

The One Side of Trading

Having said this - as a successful trader or not - during a learning curve your vision of success should be focused in order to keep you afloat. Many encounters may push your buttons and add great stress. Yet, at other times you’ll feel as if you have succeeded. This premature confidence can burn energy as you may decide to splurge before you know what your trade closed at.

There is no time to splurge. You should have drawn up a plan previously and stuck to it so that you could have learned from your trade. After realizing this, you will see that there’s a higher likelihood of feeling failure and despair, other than feeling success and pride.

Reworking your Trade to Grab Success

To overcome failures, a solid process is the way to begin. But, part of the discomfort is that trading can be lonely. Researching and learning alone usually with no mentor sitting next to you, is probably the worst part when experiencing this failure. Having to pick yourself up is tiresome.

The More Positive Side to Trading

As long as others are making it believe that you can too. Remaining headstrong during setbacks is the key. Set realistic goals that you can see right over the mountain and keep moving ahead.

Practical Methods for Coping with Trading Failures.

• Work environment - check your ergonomics, comfortable room temperature, light settings, noise levels, etc.
• Remove distractions - Social media or games if necessary, colleagues entering your office.
• Rewrite your trading plan - Do this constantly. It will perfect your plan. Think about the cause of your loss, map out your struggles: your trading, the scenarios, your work environment.
• Trading companion -  to bounce off ideas and challenge you - a friend, spouse, colleague, mentor (inexperienced or expert) -

Continuing with Your Trading

Traders know how it feels to take a knock - large or small. So they may opt to trade less money, return to the drawing board or demo trade. However, this may not always be the best idea. Creating distance from real-world experiences may only increase the fear of getting back into live trading. Making it work slowly should help traders become more aware of strengths and weaknesses.  

A major tip is to get back but use smaller amounts if necessary. Without your current trading knowledge, you wouldn’t have had the opportunity to be where you’re at. To trade for a living, traders cannot remain at the same point. Pull on your socks up and move forward!