The use of the word “trading” might be the cause of many failures.
As most people know, our thoughts only exist because of language.
We don’t live in the world.
We don’t experience the world directly.
We all live in a unique and subjective representation of the world.
That representation is based on our past experiences that have shaped our biases.
Those biases influence how we value and interpret everything around us.
Also, the process of biases influencing our language and language reinforcing our biases is cyclical.
1 : Your feelings create biases.
2 : Your biases label things with subjective choices of words.
3 : Your choices of words reinforce your biases…
4 : …who reinforce your subjective representation of the world.
In short, the way you call something defines to yourself and to others your representation of that thing and that thing exists only through your choice of word.
It is often simplistically mentioned with the good old “half full or half empty glass” philosophy.
Back to trading. The word trading is an action word. It implies that it only exists in movement and suggests, on the contrary, that immobility cannot be included in trading.
Like many others, I’ve learned that trading is not trading. It’s waiting.
Once you start thinking of trading as waiting, the action or I should say the inaction of waiting changes from a negative thing to a positive thing.
If the absence of action becomes your new normal, then you’re not a trader anymore. You have become a “profitable waiter”.
I hope it will help.