2020年5月30日星期六

Re: "The Next Big Thing" in Trading

Did you see this week's gimmick? Unfortunately, they're hard to miss... (Especially when your inbox is flooded with it)

We all know how easy it is to get swept up in the "next big thing," especially when every trader in your inbox claims to be selling it, but listen...

I want you to know (because maybe you need to hear this today):

You are the single most important factor to your own success.

Not the next "wealth-building secret."

Not the people or circumstances you think are holding you back.

(Don't shoot the messenger yet, because I'm about to tell you a few things you really need to hear.)

Where a lot of folks screw up — and you can't blame them — is they can't or won't slow down long enough to actually consider what success looks like.

They're chasing an idea, not a goal.

Even the most generic notions of success, like "being wealthy," require a path and the willingness to navigate it.

And that's why it's absolutely crucial that you define your goal before you go chasing the success that comes with it...

Or you'll wander aimlessly for years (and years) with nothing to show for it, unsure of what you were chasing to begin with.

Or even worse, you could even give up entirely.

And look, this isn't just about trading...

Sure, trading is what brought us together; it's likely the reason you're reading my email this very moment.

But I'm talking about a mindset that's MUCH bigger than just trading.

Look at this way:

Your mindset for success is a lot like your trading strategy; a strategic and formulated approach with a lot of moving parts.

Every aspect of your trading strategy — all those moving parts — is in place to achieve one thing:

To execute a profitable trade.

And sure, trading is complicated. No doubt.

But you see, there's a clearly defined goal — a singular objective — and your entire strategy would be useless without it.

I bet you're already connecting the dots here...

But I'll say it anyway, because I can't stress this enough:

You need a clearly defined goal before you can start building your strategy (or mindset) around it.

If that goal is trading for an extra revenue stream, running or growing your own business...

You need to define your goal or objective — and understand it — before you can even begin to attempt to reach it.

Focus on Your Goal, not the "Next Big Thing"

I want to make it clear that I'm not condemning every trader in your inbox who happens to be offering a product or service.

I mean, hell... I'm a trader in your inbox. (The irony is not lost on me!)

I help Richard run this business, and naturally - we sell stuff!

It's the nature of being a business. You get it.

But always be wary of anyone who tells you that there's no work involved in being successful.

Whatever that success may be, if there's a promise of getting something for nothing — it's bullshit.

Plain and simple.

Those folks are peddling false hope, and there's nothing more hopeless than that.

At the end of the day, the best thing even honest traders and business-owners can offer you is help.

And the funny thing about help... Well, it's plural.

By definition, you have to participate.

So you can look at this way:

Whether it's training, education, indicators, signals, whatever!

These things are all resources.

Resources are tools, and tools won't get the job done unless you pick them up and use them.

Ultimately, everyone and everything else is just a supporting player.

Success is your show.

Be on the lookout for more on my 6 Pillars of Success.

I have a lot to share, and I honestly believe it will better equip you to reach success — in trading and elsewhere.

But for now, I'd better get back to the family before they decide to hide my laptop charger...

     Nathan & the Price Action Team

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