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THE POWER OF THE RIGHT QUESTION
by
Ruth Barrons Roosevelt

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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