#138: [VIDEO] THE 3 LETTER WORD THAT COULD BE HOLDING YOU BACK

Over and over I see a common problem amongst traders. It’s a small 3 letter word that’s holding back their progress and they don’t even realize it.

 

What is this word?

 

The word is… ‘WHY?’

 

For example:

 

‘Why this indicator?’

 

‘Why NOT this indicator?’

 

‘Why this number?’

 

‘Why NOT this number?’

 

… You can see the pattern.

 

And this one simple word can often make a HUGE difference in how your trading progresses.

 

The truth is, if you want to progress efficiently in trading, you can’t focus on trying to understand every single step along the way.

 

Sometimes things just work! And we don’t know why.

 

 

But to get to that point, we will often do better if we stop asking “WHY” and start asking a different question instead, which is what I discuss in this new video, including:

 

  • How trading is a WHAT business and not WHY business,

 

  • Why so many traders are obsessed with ‘WHY’ and how this is holding them back,

 

  • My best advice on how to get out of the ‘WHY’ mindset and build a different, more efficient trading mindset.

 

Remember – the right mindset is where it all begins! So watch the video.

 

Happy Trading,

 

Tomas

 

 

This article was originally published on the Better Trader Academy blog.

 

 

 

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DISCLAIMER:  Futures trading systems and commodity trading bear a high degree of risk. People can and do lose money.
Hypothetical results have many inherent limitations. Past performance does not guarantee future results. 

 

ACTUAL RESULTS SHOULD BE VIEWED WITH CAUTION, BECAUSE PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. 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.