What makes a trader successful in the long-run? In my opinion, it is coping. Not blind faith or euphoric unsubstantiated enthusiasm, but the ability to continue through good and bad periods as your portfolio goes up and down. Coping, in this sense, is the ability to handle all the psychological pressures that are associated with sitting in front of the trading screen.
The concept of recovering from hard times is an important concept. I am not comparing trading losses to other personal losses; never the less, financial losses can have a significant impact on a trader’s motivation and morale. Your ability to recover from previous hardships will make a difference in how you approach your future success.
Trading amplifies your weaknesses and downplays your strengths. Your challenge is to reverse