There’s one clear guideline that guides all of my trading: personal accountability. Today, I’ll tell you why it’s so important for traders.
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For a long time, I have held the belief that our society would be greatly improved if we had a return to personal accountability.
But that’s especially true in trading.
Traders love to play the blame game. Everyone blames someone or something else for things going wrong: the markets. The strategy. Their friend who gave them bad advice.
Instead, they should have personal responsibility for what happens.
We all make decisions every day.
Owning the decisions instead of blaming others for outcomes would vastly improve our trading, I think.
You have to keep learning. All the time, working on strategies that will transform the way you trade. But it starts with you.
That’s the lesson I learned when I created Echo Trades.
Sure, I used this strategy to grow my family’s accounts to $1.4 million, and it’s the system that first got me “discovered” as a trader.
But it wasn’t some sort of overnight home run.
It took me years of owning my mistakes, controlling my fate, and working hard to learn everything I could.
A lot of things went wrong. But eventually, enough things went right that I started to build a strategy.
That persistence, that accountability to keep working hard and improving myself, and my system, that’s what brought Echo Trades over the finish line.
And even now, I’m still trying to improve it. I’ll never stop.
To me, that’s the mindset you have to have to be a successful trader.
Jeffry Turnmire and InvestPub do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor.
Daily Profit Publishing and Jeffry Turnmire do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor.
We are not licensed to provide you personalized investment advice. Nothing in these communications should be construed as personal investment or financial advice.
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