10 Mantras for Trading Success

In my view trading success is all about ‘Mind Over Matter’. In simple terms applying your mind to what matters most, then leaving the rest of the noise behind.

We can have the best strategy on the planet. Yet if your mind and personal psychology are not robust, then you’ll be your strategy’s weakest link.

You can’t back test your psychology. Yet if you are honest with yourself, you can think back to all those losing trades when a lack of discipline was the cause of your losses. 

Those behaviours can be refined and changed moving forward.

I’m a big believer in mantras or affirmations. The brain is the most complex and powerful organ in the human body. And if you say something enough times, your brain will start to believe it. 

Big business wouldn’t spend millions of dollars in advertising repeating their messages over and over if it didn’t work. 

This is why mantras are important to your trading, especially if practised as a daily ritual each morning. There are a number of mantras that I use for life in general,  here are my top 10 Mantras for Trading Success aligned to creating more success in trading.

I will:

1. Follow my strategy on every trade, without fail
2. Plan all trades well ahead and never trade emotionally
3. Not over trade. I will pick the best and leave the rest.
4. Be patient
5. Never chase missed opportunities
6. Only trade price action and ignore all other extraneous noise
7. Always use a clearly defined STOP
8. Not micromanage myself out of trades
9. Trade what I see, not what I believe
10. Pursue excitement outside of the markets, not when trading the markets. 

To be successful in trading you need to exercise your mind everyday like a muscle. Daily meditation, affirmations, and practicing mindfulness throughout the day are all important. Far more than what most of us realise.