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Some helpful questions to ask in trading would be the following:
- What is the market telling me now?
- What does the market want?
- What are the probabilities?
- How much can I make?
- What is my risk?
- Where am I wrong?
- Where is my target?
- Is this a valid signal?
- Am I following my rules?
- Am I following good trading principles?
- Has anything changed?
- What would I think if I wasn't in this trade?
- Is there anything I'm not seeing?
Some unhelpful questions to ask while trading 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 is it always so hard?
- 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, "What is the question I need to ask now?" What if, you could learn to ask yourself questions that will make you a winner over time? |