How To Be A Lucky Trader
What are the secrets of the successful trader? Do you often find yourself wondering how “some successful trader just have all the luck”? The answer is YES, they are lucky. But what you don't know is that they are creating their our own “luck”. Because, people who consider themselves lucky do tend to exhibit certain traits. Find out here and how you can be a lucky trader too.
I’m not here to tell you to trade based on your instinct and then praying or carry around a lucky rabbits foot to get lucky. That is not the luck that I mean.
A recent study conducted by Psychologist Richard Wiseman, revealed that “lucky” people tend to follow some basic principles. In other words, successful, or lucky, people make their own luck. Being lucky is a skill to be learned.
How to be a lucky trader? You need these 4 ingredients: Mastery, Mindset, Opportunity, and Action
One sure way to get good luck is mastery. Your level of trading knowledge and skill will determine your luck and success more than any other quality. Your trading knowledge will help you a lot in determining best opportunities to trade. You may want to increase your “trading luck” by building Trading Strategy that actually work.
Mindset is a key in learning how to be lucky. The more objective you are, the more you will know the right moment to trade the market. A stock trader without clear mind will always be fearful to enter the market even though the market is starting to rebound..
In one of his studies, Wiseman gave people a newspaper and told them to count the amount of photos inside. The unlucky group of people took about 2 minutes to count the photos, while the lucky group took mere seconds. Why? Because the lucky people noticed the note on page two that said “Stop counting. There are 43 photographs in this newspaper.” As Wiseman put it, “unlucky people miss chance opportunities because they are too focused on something else." Lucky traders are skilled at noticing opportunities.
The last luck factor is the factor of activity. The very best way to assure that you won is to act. Good trading opportunities will be useless, if you don't act.
Roman philosopher Seneca says, “Luck happens when preparedness meets opportunity.”
The markets are definitely an environment rich in opportunities, so a trader with clear headed mind and good trading knowledge can act to take advantage of luck when it comes along.
Luck isn’t just about being at the right place at the right time – it’s also about being ready to take advantage of new opportunities as they arise. Prepare yourself with solid Trading Psychology and good Trading System. If you do, you will experience more luck than the average traders.
Hope this article inspires