Axel Rudolph, Chairman of the Society of Technical Analysts.
There's a fine line between winning and losing in the financial markets, and the smallest edge can make a difference. One of the biggest reasons for failure is not having the right mindset - this book can help you be one of the winners.
#TradingThought can help you train your mind to win. The 1000+ sayings are brilliant simply as a life self-affirmation tool - a powerful weapon for positive change or to overcome obstacles that are preventing you from reaching your goals. But their real purpose is to inspire, motivate and stimulate your mind into taking positive psychological action to improve your trading and investing performance.
#TradingThought was inspired by the popularity of daily motivational Tweets delivered by Stephen Hoad through his business THE STOP HUNTER. A trader, risk manager and expert financial markets educator, his twenty years of experience has shown him time and again that the psychology of trading and investing is the most important element to master if you want to be a success. Academic research supports this: "positive emotions broaden the scope of attention, cognition and action and build physical, intellectual and social resources". In other words, the right mindset can help you think and act smarter - even under stress.
Transcending politics, religion, nations and cultures, the quotes within #TradingThought are structured to reflect critical areas of trading and investing:
#TradingJourney - Learning, education and gaining knowledge are crucial to success. The biggest factor in your trading journey is also one of the most overlooked - you!
#TradingDisaster - When it all goes wrong, it can go wrong very quickly! Most disaster is brought on by three factors: fear, greed - and you!
#TradingMindset - The fundamental approach and key personality traits that you need to stave off disaster, get the right mindset for success and improve your results.
#TradingSkills - If you want to win and stay in for the long term, you need to learn the skills and rules of the game.
#TradingGurus - When the masters of the dark art speak, you should listen and learn!
#TradingWisdom - Passed down from the ancients (Chinese, Japanese, Greeks, Romans), these proverbs, sayings and quotes are still totally relevant today.
#TradingThought invites you to STOP and THINK what the great and the good of politics, sport, business and, crucially, the gods of trading and investing are telling you. Finally, it asks you to take ACTION on the wisdom you've consumed.
This book is quite simply for those who want to improve and take their trading and investing to the next level. Although vitally important, it's not just about learning the nuances, tools, techniques and peculiarities of the markets, but also about getting the right mind set to trade and invest successfully.
#TradingThought will inspire you to believe that nothing is impossible if you embrace the power of the proverb!