I had to work on developing an investment mindset. It wasn't something that came naturally to me. From finding stocks to swing trade to real-estate investing, I never try to underestimate the importance of my mental state.
What Am I Talking About?
You can call it grit, stickability, spunk, tenacity, or just good old determination. But whatever you call it, a strong mindset is a necessary trait if you want longevity as a swing trader or real-estate investor.
If we lack confidence or are pessimistic — it will reflect in our performance.
However, a powerful mind builds a mental fortress…
Did you know Michael Jordan was actually cut from the varsity basketball team in his sophomore year?
He simply wasn’t good enough.
Imagine if he gave up after that?
However, rejection didn’t knock him out of the game. He used it as motivation and it allowed him to build a mental fortress keeping.
M.J. was able to achieve his goals by focusing on them, one at a time.
He practiced harder, played with intent and had a plan to become the best version of himself.
Now, if you want to be the best version of yourself then you can’t neglect the mental game and how it impacts trading.
How This Relates To Investing or Stock Trading
I think that the idea of hard, hard work to achieve your goals is something that I learned from the MJ story. As well as from people like Edison (light bulb inventor). Edison spent a LONG time and tried thousands of different ways to make the first light bulb. Eventually, this grittiness paid of and the rest is history.
I must have tried 5 - 10 different stock trading strategies before I found the swing trading strategy and options trading strategy that worked well for me. I lost almost $20,000 before I became a profitable trader.
The same applied in my real-estate investing career. Working hard, taking risks, minimizing risk and never giving up has helped me retire in my thirties. I directly attribute this on my daily reading schedule for 1-2 years when i consumed the entire financial mindset book niche!
Dedicating myself to learning and improving my RELEVANT knowledge that is focused on my financial goals has been an exciting and fun journey so far. I am looking forward to 2020 to see what new things that I can learn!
So far in 2020, I have learned all about trading Dark Pools.
These Dark Pools can be used to make a lot of money trading stocks - simply by using the information on trades that are executed in the Dark Pools. Sounds mysterious, right? It is!
I highly recommend checking out this Dark Pool Secrets Review to learn how one woman has made millions of dollars using the Dark Pools!
You can also check out all the different ways of finding swing trades here.
Happy New Year!
Russell
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