We all know traders who spend every waking trading day staring at banks of monitors, own every trading book on the planet, preach to us about multifarious technical indicators until our eyes glaze over, and literally eat, breathe and sleep the financial markets. Still, when it comes right down to it, they may not make more money as other traders who-while taking the markets extremely seriously–execute their trades from a laptop on the dining room table and think relative strength has something to do with weight benches and sweaty dumbbells. Truth is … about 10% of our trading success comes from our trading and market knowledge, our ability to put it into action, and the proper computer equipment and trading programs. The other 90-percent of our trading victories comes from the way we approach the markets … our feelings that direct our actions, or call it the eighteen inch connection between our head and our hearts. (Yes, our hearts “believe” Ever heard the saying “I believe with all my heart”?). Three methods you can use enhance your approach to the market and improve your mind-set are 1) eliminate “right” and “wrong” from your trading vocabulary, 2) check out your internal belief systems, and 3) strive to stay positive and proactive throughout the trading day. ELIMINATE “RIGHT” AND “WRONG” FROM YOUR TRADING VOCABULARY It sounds funny, but it’s true: one big step you can make toward trading success is eliminate “right” and “wrong” from your trading vocabulary. If you plan your trade carefully before you enter each position, then follow your risk management plan–if the trade goes against you and you are stopped out-you are not “wrong” The market simply moves in a different direction than your set of possibilities and probabilities indicate. Your loss is a business loss. It’s part of the game. Shrug it off…

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