Be ‘Comfortable When Uncomfortable’ While Trading
Be ‘Comfortable When Uncomfortable’ While Trading2020-11-12
There is a simple truth in trading – no one is born a trader.
Trading is a learned skill that requires commitment, patience, training, and effort in a risky environment.
One of the best ways to learn necessary skills is to follow the example of others who are successful.
What did they do?… Why did they do it?… How can I learn from them?
Anything with a risk vs. reward value will be uncomfortable to learn whether it’s a sport, a musical instrument, or a new job. Traders can boost their skills by focusing on being comfortable when uncomfortable.
This is similar to going the wrong way up the escalator just to become comfortable when things aren’t going your way. It’s a conscious effort to go against the flow of the crowd (and train your thoughts and emotions).
So, who does this?
Well, successful people like million-dollar traders and billionaires.
Being comfortable when uncomfortable is a key trait for best-selling author and multiple million-dollar trader John Carter, founder of Simpler Trading, and someone he studied under – Sir Richard Branson, the pioneering entrepreneur and billionaire who has built hundreds of businesses through his brands.
Branson learned early in life how to step out of his comfort zone and accomplish what he wanted in life and business. Carter has applied similar skills to create a community for traders wanting to take the next step in their trading lifestyle.
In trading there is no way to predict exactly how a trade is going to work out. Even a setup that is a likely winner is an uncomfortable proposition because there’s always a level of risk.
The unknown factor is always there, and the key is learning to deal with it – being comfortable when uncomfortable.
To follow Branson’s example, always be asking questions and don’t always accept what the crowd is doing.
“Because they’ve always done it that way” is a rule not to be followed.
Trading opportunities often happen when someone says “no” to the rules, like “always buy the dip.” Stick to that every time in this market, and the effect on the trading account could be dismal.
At Simpler we work to provide an environment where you can create your own path and step outside your comfort zone.
Try a different trade setup and see what happens. Learn from it, develop confidence, and push further the next time.
Branson and Carter are at the top of their game in what they do in life and business. Traders can push toward a similar level of success by focusing on the intrigue of the lifestyle and business of the stock market.
Push through the end of this year with what excites you in the stock market and trading, so that you can do more of it and move forward.