Hi, It’s Terry Tran here from the FreedomTrader.com, the place to be if you’re looking at creating financial freedom safely for yourself and your family.
And today I wanna show you how to stay focused daily, when you’re investing and trading the financial markets, so you can profit without feeling stressed out trying to take out a profit every day.
I cover this extensively in our Inner Circle program, but here are a few keys points to help you out;
Just like sporting and other academic endeavors, we tend to compare ourselves to others.
Firstly, don’t. My advice is to never ever compare yourself to others.
There are a number of reasons why you shouldn’t.
- Leads to unhappiness because you’re then always chasing other’s tails, never really living your own life and being content with your own achievements
- You can never control what other’s do and the environment they’re in
You don’t truly know where they started from. All you’re seeing is the end result so you see their current situation and then you think that, you’re not good enough whereas they may have experienced exactly what you’re going through right now so you start doubting yourself.
Secondly, don’t have an expectation of any particular amount of daily profit when you’re investing or trading.
Say you buy something, it may not necessarily go up right way, and then you think you’ve failed but then in 3 days’ time, maybe 3 weeks’ time it shoots up like a rocket, yet you were impatient and sad because you had a certain expectation of both the amount of profit as well as when it happens.
This has happened to me so many times and there is no point being depressed whenever this happens.
In a perfect world, everything will go according to plan, but this is the nature of financial markets. Unpredictable most of the time.
The market and individual stocks will go where it wants to, when it wants to, and sometimes it just takes time.
Finally focus on the process. Never the result.
Set up a daily routine or ritual based on your personality and if you can successfully run through the entire process every day, you’ve succeeded, no matter what profits you’ve made.
This way, you always succeed every day and your happiness is not governed by the profit you make daily but longer term results say a week, a month, a quarter which leads to of course a successful year.
So today we covered the 3 main keys of How to Focus;
- Don’t compare yourself to others
- Don’t have any daily profit expectation and when it occurs
- Always focus on the process and not the outcome
I hope these 3 keys helps you become a more focused profitable investor and trader.
If it has, make sure you like this video and share it with others.
Thanks for watching and leave a comment below about what you’ve learned and how you’re going to take action over the coming days with these key points.