Had a session with my mindset coach yesterday.
We were talking about trading and how some traders can have the perception that they are not really contributing to society, which can impact their ability to earn.
If your a surgeon, you help people improve their health
If your a personal trainer, you help people get fit ..
If your a mechanic, you help people with their transportation….
With trading, you are buying and selling an instrument and don’t have much to do with people. One could argue traders add liquidity to the market … but is that enough of a meaning to succeed and stay in the game long term?
So what we discussed was linking trading to something meaningful, to give meaning to the process of trading.
I have a goal to create and continue multi generational family wealth. There are a number of reasons behind why I want to create this.
So when I can see that my trading is giving life to my husband and his current and future goals …. trading has more meaning.
When I can see that trading is giving life to my Dad, and the family legacy that he wants to pass on to me … trading has more meaning.
Yes, trading is pushing buttons, but it is also a lot more than just pushing buttons.
The meaning behind it is everything and the meaning is what helps us trade through the challenges and set backs (eg prolonged drawdowns).