The Fourth In A Series of Six Characteristics of the Winning Trader

The mental profile of the winning trader has the habit of perceiving time in a way different than those that might not make it to the top levels.

They view in 6 specific ways:

1. They look not at the AMOUNT of time that they put into learning to trade – the schools, webinars, books read, newsletter studying, actual trading, writing of rules, etc – but , rather at the QUALITY of that time. This explains why their work is so detailed and so thorough. “Leave no stone unturned,” is the common mantra of the successful trader.

2. They deeply VALUE their time in trading they purposely turn their back on many distractions that are, in fact, ‘good ideas.’ The fact that something is a ‘good idea’ does NOT mean that right now is the time for it, while you’re busy trading and is does NOT mean that it should be given the chance to steal any of your energy from the current focus.

3. They don’t allow the uncertainty of the future to distract them from the current moment and they stay totally ‘in the moment’ while they’re trading.

4. They look at time as something that is bought for a price. While they have total control over what they’re going to do with that time, they realize that to do ONE thing is to NOT do something else. Therefore, when they make the decision to focus on trading, they automatically eliminate everything else. They feel good about the fact that they are paying the price of disregarding those other things for the value they are deriving from their trading.

5. They will look at time as a physical thing and break it up into neat little blocks so as to full focus, yet balance themselves. Many will use a simple kitchen timer to block out times of work and times of other activities.

6. The passing of time is of no consequence to the trader that is in search of excellence. He is RESULT oriented and has made the conscious decision to do whatever it takes to get the job done!

All in tall, winning traders value their time so much that they feel no compunction about giving up many other things, at least in delayed gratification, to accomplish the trading task at hand.