This post is for Fridays session and will be going over a few key trading points to help bring clarity for those who are searching.

To be successful at trading, each trader needs to trade in-line with his or her dominant personality. To trade counter to this, is only trying to swim upstream, it will be a struggle. There is no need to make day trading harder than it actually is. One way to ensure this, is again, trade in line with your personality.

What I mean by this is, every trader has a dominant trading personality, but many are not aware of it and do not trade in harmony with it. To be successful, you must find this information first. It is like putting a round peg into a square hole. You can try and try, but that does not mean that it is going to fit naturally. If you insist on forcing the issue, you can pound it in the hole, but this is only going to happen by exercising; 1) Force, 2) Effort, 3) Straining,  4) Struggling, 5) Trying.

Those are all the things that you do not want to do while you are trading. If you find that you are naturally drawn to short term trading and it fits your personality, because you seem to not have the patients to wait one or two hours for the setups that best fits that style of trading, you are better served to shorten your time frame and get many more market reads in front of you. This will keep your own personal struggle with patients down to a minimum. Rather than fighting the need to wait out the trade for the proper set up, by shortening your time frame, you make that decision  easier by getting more legitimate opportunities in front of you. The rewards are generally smaller because of the shortened time frame, but the benefit is more potential trades that line up with your dominant personality. This is just one example of this.

Since I mentioned the 5 things that you should not be doing above, I see the need to go over that again, but put a different way.

Successful trading should not have any of those 5 negative attributes associated with them. Let me spell it out for ya.

Trading should be without force when identifying your trade selections, without effort, without straining, struggle or trying. The same is true for your exits. This is a profound statement and is very important to examine yourself while you are going through the trade selection process.

This exercise, will make a big impact on your results if you are conscious of your emotions while you are engaged. Here is an exercise that will help you see where you are in this process. Get a recorder and just speak out what you are seeing and or feeling as the process is unfolding.  If you record how you are feeling and what you are seeing while it is happening you are that much better equipped to make changes and adjustments as your performance dictates.

Every trader needs to continue working on themselves, based on where they are at. Do, not waste the opportunity to learn and grow into the trader that you aspire to be. Each day brings valuable lessons to us and we should be taking advantage of them as unfolded. Money is only the rewards we see when we do the right things, so doing the right things are just as important as the money. In the future, if we know why we are doing what it is that we do, it can be repeated and that is of great value. It can be turned into an endless stream of income, but only if we are doing the right things often enough.

So, my two main points today are trading in line with your dominant personality and trading without struggle. If you find yourself struggling, you are doing something wrong. It is best to stop and find a few things out first. If you do, you will be preserving your capital, the life-blood of your trading venture and you will be providing yourself with the time to better know what it is you need to be doing. If that part is unclear, you need to take the time to make it clear. If you don’t, you will loose your capital and really hurt yourself by creating financial pressure when and if you start to trade again. This will only work against you overall and make the whole thing that much harder, in addition create bad habits and damage your confidence. It makes much more sense to get it right first.

So, many traders just want to get in there and do it already. That kind of thinking will only produce a costly trading exercise for you. Very expensive tuition. No one likes to think about it that way, but when all the dust settles, that is exactly what it is and how it has to be viewed. Any other view, is only seeing what you want to see and it will work against you. Facing facts and fears are a start to recovery. Protect your trading capital, be sure you have a solid trading plan and or method that will work in any trading environment and be sure that you have the discipline to follow it. If you have one of these missing, it will result in expensive tuition. The thing is, at the end of the expensive lesson, you will only be worst off, not better off than when you started. Give it some thought.

If you need help in figuring all of this out, send me an email and share your struggle. At a minimum, I will give you some specific steps you could take to straighten yourself out. If you want more than that, you can sign up for my trading course and mentoring program. I wish all my readers the very best in reaching your trading goals.

Good Trading !

Related posts:

1. Keep your Day Trading Struggle to a Minimum, Trade for Income !
2. Day Trading from a Position of Strength

Tags: dominant personality, successfully trading, trading personality, trading without struggle