2 Psychological Reasons Why You Are Struggling to Become a Successful Trader

So often we hear that traders struggle to become consistently profitable, but they don’t realize it’s not because of their trading skills.

It’s much deeper than that.

Many people that trade struggle because of emotions and beliefs that run much deeper than the surface.

So, what are these two psychological reasons causing you to struggle? Our trading psychology expert breaks it down for you below.

1. You’re struggling to become successful because you don’t believe you’re worthy of being successful.

That hits deep, right?

Our beliefs about ourselves stem from our childhood and what was modeled to us by our parents.

If you grew up hearing things like “you’ll never reach that goal” or “don’t bother dreaming so big, it won’t come true.”

Or maybe you just had parents who didn’t understand your big dreams and discouraged you from following them. They had your best interest at heart, but parents don’t realize the words they speak are the foundation of what we can accomplish in life.

Those beliefs will be the building blocks of your self-esteem and determine how much you can achieve, if you don’t overcome them.

It’s hard, but you need to find ways to find worthiness again. This can be through:

• EFT Tapping
• Meditation
• Affirmations
• Doing activities you enjoy

Whatever it may be, you need to break down those beliefs and uplift yourself in a way that helps you to be the best you can be.

2. The second reason is that money is directly tied to your fight or flight response.

Trading is one of the hardest skills to master because of how much it goes against our fight or flight response.

You see, 95% of the brain is controlled by the subconscious, including your emotions. Why?

Because emotions are a direct response to if we’re safe or in danger.

The subconscious is built solely off evolutionary development and survival.

So, what does that have to do with trading?

You need money to survive. When you lose money, that decreases your ability to survive.

That is why it takes so long to become profitable. You are undoing generations of evolutionary programming in your mind.

Stay consistent. Stay sharp. Stay patient.

It takes time to undo generations of self-talk and survival responses.

Work hard, build up your self-worth, and understand that only time can make you more comfortable with risking money.

That is how you can develop a successful trading psychology.