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Questions are the answer. They lead us out of a morass. Some helpful questions to ask in trading would be the following:
- What is the market telling me now?
- What are the probabilities?
- How can I make my trading better?
- Have I verified that this method works?
- What is my risk?
- Where is my target?
- Is this a valid signal?
- Do I have a sound money management policy?
- Am I following my rules?
- Is there a better way to do this?
Some unhelpful questions would include the following:
- What if I lose?
- What if I'm wrong?
- What if I can't succeed as a trader?
- What will my broker--my wife--my boss think?
- Why do I always lose? Or worse, why am I such a loser?
- How can I make this trade work out? (You're already wrong: get out.)
Remember, there are questions that illuminate; and there are questions that destroy or confuse and stagnate. You have the power to construct the questions that will move your trading forward. Whenever you're in a quandary or things aren't going well, ask yourself, "Am I asking the right question here?" What if you could learn to ask yourself questions that will make you a winner over time?
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