Self-Confidence

On Streroids

At most times, be it in an educational series or “how-to” presentation there’s a critical piece of information, something that is “key” that needs to be emphasized. Becoming the best damn investor or trader that you can be is no different; it’s self-confidence.

With that in mind it’s best to separate self-confidence out into its own segment. Keep in mind that self-confidence is not just important with respect to turning you into the best damn investor or trader you can be; self-confidence is important in everything you do, or attempt to do in life. Take extra time to watch the following video. Refer back to it and the written contents of the course when you start to doubt yourself and remember “it’s all between your ears”.

Self-Confidence

Self-confidence is a feeling of trusting one’s abilities, qualities, and judgment. You’ll find discussions relating to self-confidence in everything, from ways to improve your mental health, dealing with everyday matters but especially in helping people meet and exceed their business goals. It’s a real concept not just jargon; it’s a positive way of existing in a world you occupy. It’s a process of determining what you think about yourself; how you function despite the many daily challenges and uncertainties you face. Self-confidence is self-respect, the courage to be truthful to yourself, who you are, what you like and what you believe. In short, it’s all about combining your private world, the world that exists “between your ears”, with the world that surrounds you.

Definitions are easy; this is how self-confidence is exhibited:

●      Feeling good about yourself no matter what

●      Accepting your strengths and weaknesses

●      Valuing who you are regardless of what you do

●      Being worthy of others’ respect and friendship

Self-confidence is not:

●      Living a pain free life void of problems

●      Believing you’re invincible and perfect

●      Achieving unrealistic expectations and results

●      Being selfish

Self-confidence enables:

●      Awareness

●      Inner peace

●      Balance

●      Happiness

●      Assertiveness

Self-confidence avoids:

●      Doubt

●      Apathy

●      Anxiety

●      Inferiority

Self-confidence is perhaps the most important of all the qualities you will need to become the best damn investor or trader you can possibly be. You must be able to believe in yourself and your plan and not allow yourself to be swayed by the crowd.

Yes, human beings are easily swayed from doing what they know to be right; novice investors or traders are especially susceptible to this phenomenon. You must be able to withstand peer pressure in the markets because the “crowd” is often, no usually wrong, and it certainly doesn’t have your best personal interests at heart. If you lack self-confidence, it is unlikely you’ll be able to achieve your goal of being a successful investor or trader.

It is not easy to develop self-confidence, especially for a novice who has yet to fully experience success but remember; all successful investors or traders were novices. Most would probably agree that there are two keys to developing self-confidence: (1) the willingness to persevere through difficult circumstances; and (2) the ability to look at yourself critically and learn from your experiences.

To “persevere” means you must have the courage to fight back when you are losing, study data until you have conquered it, and act when necessary (even if that means making a tough decision). To look at yourself critically means to recognize all of your strengths and build on them while recognizing all of your weaknesses and minimize them, all the while avoiding arrogance or self-pity. If you’re able to do these, you’ll be well on your way to developing self-confidence in any career.

Remember, learning how to invest or trade is a marathon not a sprint. The same is true in building your own self-confidence, it takes time; go with the flow, don’t force the issue, you’ll know when you’ve made it there.

There is no easy pathway to “easy” money, not here in learning how to invest or trade or anywhere else in life. Respect how difficult it is to invest or trade in these markets, put the time in and you'll do just fine; it’s a marathon, not a sprint and practicing every day is a pathway to becoming the best damn investor or trader you can be.

Hope you enjoyed this post. I’m just a young 68 years old; my Dad became a broker when I was 13. It’s time for me to ‘give back’ to all of you what’s in my head. It’s not always pretty but it’s based on history . . . and history, unchecked, repeats itself.

Everyone learns at their own pace. If you pick everything up the first time through, great but if not email me at david@thetickeredu.com so we can further help. Thanks again go out to Danny www.mrtopstep.com . . . check him out; he’s worth your “click” and thanks to all of you who have adopted what is being created and presented; we’re humbled by the response and referrals. Again, let me know what you want to learn, I’m all ears.

Perhaps my favorite Broadway play, to the exception of “Cats” was “Stop the World I Want to Get Off”. Here’s one that emphasizes the self-confidence it takes to do most anything. Now go out there and “build your mountain”.