A short YouTube video by Adrian Reid (Enlightened Stock Trading) arguing that the five people you spend the most time with strongly shape your trading outcomes (drawing on Tony Robbins' idea). If your trading circle consists of pessimistic or reckless people you risk losing money; if it contains disciplined, systematic, long-term successful traders you are more likely to succeed. Reid advises seeking out positive trading communities, removing risky gamblers from your circle, engaging and learning within the community, and invites viewers to comment where they find good trading communities.
Chapters
Are the people you're surrounding yourself with causing you to make bad trading decisions.
Make mistakes, and ultimately leading you down the path of losing money in the stock market? It's Adrian here from Enlightened Stock Trading.
And the other day I was having a coaching session with one of my clients from my enlightened stock trader development.
Program and something came up which is critical to your success. And if you don't get this right, you will fail in the stock market. What came up is very closely related to something that Tony Robbins teaches, which is that the five people you most surround yourself with determine your traject or your path in life. If the five people you spend the most time with are optimistic, positive, successful, driven people, then you're likely on a path to success. If the five people that you spend the most time with are pessimistic, focus on the negative, can't get motivated and don't have any discipline, then chances are.
You'Re on the path to failure.
So how does this concept relate to your trading? Well, if you think about this, imagine.
You'Re a trader and you've got a.
Circle of people you talk to about.
Trading and investing in the financial markets.
Now imagine further that those people are not professional, long term successful traders. What are those sort of people going to be doing?
They're going to be talking about all.
Of their winners, they're going to ignore their losers.
They're going to be talking about how much they're risking on this trade because.
This is the one they're going to be taking high leverage and all these sorts of crazy things which you would never do. If you're a successful trader, if that.
Is your trading circle, then you are on the path to failure. Now you can fight against it, but it's very hard to fight the community that you surround yourself with.
On the other hand, if you're a.
Trader who surrounded yourself with a community of other successful traders who have a.
System which fits their personality, who have.
A written trading plan and the discipline.
To follow it, then chances are you.
Too are on the path to success.
So how about you? What I'd like you to do now.
Is comment in the box below.
Let me know where are you finding your trading community from?
What have you found? Where have you found positive sources of.
Trading community and where have you found trading community that you really need to avoid?
Have you found a really great source.
Of positive, uplifting, motivated and disciplined traders.
Who are using a systematic approach to.
Profit from the markets? If you have great surround yourself with.
Them, spend time with them, learn from.
Them and teach each other. Get engaged in that community.
If you've surrounded yourself with a community of risky gamblers, then eliminate that from your trading life and watch your profits.
Turn around and your trading future and potential improvements dramatically.
Don't forget to comment below. Let me know where your source of great trading community is and we'll continue the conversation. That's all for this video. I'll see you in the next one.
