08Mar10:50 amEST
Ten Damaging Lies and Excuses Your Mind Loves to Tell You
Courtesy of the Marc and Angel Hack Life website, here are ten toxic thoughts and beliefs which can derail your progress in life.
Applied to trading and the markets, it is worth noting that many a market player has gone broke through no fault of their own negative self-talk. Having a proper and healthy emotional mindset is absolutely critical to long-term success in all forms of speculation and gambling.
1. I can’t do it
2. They can do it, but that doesn’t apply to me because they have it better than me.
3. I’m stuck because I don’t have enough time to make changes.
4. It’ll be too hard because I can’t get by without _______.
5. Life is meant to be easier and enjoyed more.
6. I deserve a reward (or a break).
7. I can do it later.
8. One time won’t hurt.
9. It’s better to quit now and cut my losses.
10. It’s already too late.
Of course, those ten damaging thoughts need context (especially #9 about cutting losses). So be sure to click here to see the full article where they are each fleshed out.
See also:
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