Trading with inspiration from Will Smith, courtesy of @SJosephBurns

Steve Burns’ how to list of trading success is applicable outside of trading as well, but this is primarily a trading blog. He’s hit the mark and I’m posting it to help keep me on my path.

A wonderful “How to succeed as a trader” LIST BY STEVE JOSEPH BURNS AS FOLLOWS, but you can substitute “trader” with some other word for one’s dream/goal:

  • You have to love trading to do the work that takes you over the hump to winning.

  • Successful traders are not born, they are built through hard work and discipline.

  • Trading is not complicated, discipline, perseverance, risk management, passion, and a winning method that fits your personality is all you need. If you have them you will win, if you are missing one you lose.

  • Where you are currently as a trader is not where you have to stay, the right homework done with an open mind can move you into a different place.

  • Trading skill is built through work ethic.

  • You must dedicate yourself to winning at trading. Every day you improve by working at it.

  • You win by working harder than your competition.

  • How do you win at trading? One day at time making great decisions day after day.

  • There must be deep personal meaning to your trading. Financial independence, providing for your family, wealth, you must have a driving force.

  • If you want to be a successful trader you must believe 100% in yourself that you will succeed. This is the first step.

  • Traders should just plan 100% on being successful in trading a plan B just distracts the trader from success.

  • You have to believe you will end up in the 10% of winners, this has to be a solid belief you can not waver from.

  • When you decide to be a trader you have to believe that only time separates you from your goal.

  • Don’t be realistic about your trading be unrealistic and plan to win and win big.

  • Traders must guard their minds carefully, beliefs will come true.

  • Choose to be in the top 10% of traders, decide where you want to go.

  • To win at trading you must focus on it, be obsessive with your heart and creativity.

  • Let the fear of failure motivate you to do the work to succeed.

  • Don’t ever let some one tell you that you can’t succeed, guard your dreams.

  • Do not stop until you win and win BIG.

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