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Saturday, March 28, 2009

Dr. Brett's advise on being Heroic

If success is defined as making a living from one's trading, that will be a project that requires substantial initial capital and skill development. While such success may be a long-term vision that sparks your efforts, you will not internalize a sense of heroic stature unless you are doing heroic actions daily.

A heroic action is not simply making a boatload of money on a given trading day. Any fool with a decent sized account can strap on the leverage and make money on a lucky trade. Rather, heroism is defined by the effortful pursuit of valued goals. The trader who overcomes an impulse to overtrade and instead makes just a few good trades in a day has accomplished an important piece of heroism. The trader who develops his or her own unique idea and acts upon it decisively to make money is living out a heroic role.

Over time, living that heroic role--day in and day out--leads to internalizing a sense of heroism. You become the person who, not only wants success, but deep inside lives it, expects it, and deserves it. This is the lesson of what may be my best post ever: create experiences that mirror back to you the person you wish to become. Heroism is about bridging the real and the ideal: enacting what is best within you. Your challenge as a trader is to structure each trading day so that you can experience yourself as a winner, even when you happen to lose money. 

- dr. brett
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