MOT #86 - You Need To Learn How To Dance In The Rain

Leave a voice message and you might be on MOT: ------- Every trader will experience storms during their trading career. You might have days or even weeks without any storms, but they will come. Violent movements, large losses, markets that react opposite than your strategy tells you will happen and so much more. We cannot keep these situations from happening; however we can make a decision to either wait for the storms to pass or step out and dance in the rain. If we are planning on waiting until there are no storms, no struggles, no disappointments or no losing trades then we will be waiting for a very long time. Expect the storms to occur and have a plan as to how you will work through the storm. When we work through the storm with a higher awareness of our risk management, money management and patience we will come out the other side stronger than before and will be ready for the next time a storm breaks out. It is not the fact that storms happen, it is being ready to get out in the storm and still be productive. Instead of fearing the storm, learn how to dance in the rain.

You can listen to MOT #86 - You Need To Learn How To Dance In The Rain online on Radio and Podcast. Open the player on this page to stream the available audio.

MOT #86 - You Need To Learn How To Dance In The Rain is an episode from The Mind of a Trader by Trading Metro.

This episode is 10:41 long.

This episode was published on Mar 19, 2009.

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