Constructive Inner Dialogue For Traders

by Olivier on November 18, 2010

Tonight is a good time to highlight a bit of the conversation continuously going on in my head. I actively engage in self-conversation in order to constantly remind myself to focus on a sound and Emotionally detached approach to trading.

One of my favorite trading quotes sums it up pretty well:

Have the courage to say no.
Have the courage to face the truth.
Have the courage to do the right thing because it is right.
These are the magic keys to living your life with integrity.
– W. Clement Stone

An inner dialogue typically reinforces the way you think. So the goal is to consciously expose yourself to thoughts that ultimately will positively impact your trading. Through the use of repetition you can considerably strengthen a positive attitude and sound trading behavior. The beauty of it lies in the simplicity of the method.

It’s entirely up to you which trading mantras you want to adhere to. Here are a few I strongly believe in and that characterize my thinking as a trader:

A trader should have no opinion. The stronger your opinion, the harder it is to get out of a losing position. – Paul Rotter


We find new trends. We ride them. We keep our profits when the trend changes!
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