Put Away Your Grandiose Fantasies


“Grandiose fantasies are a symptom of Resistance. They’re the sign of an amateur.” – Steven Pressfield

This quote might be the best trading advice in the entire book.

Just about all of us are guilty of entering the fantasy land of great trading success every now and again. The lure of a never-ending stream of income is what attracted most of us to trading in the first place.

One of the key differences between traders that find success and those that don’t is that traders who find success are able to separate these fantasies from the real world.

Losing traders will allow themselves to get caught up in daydreaming about future success. Successful traders go out and make it happen.

Pressfield explains that the professional focuses on his work and lets any rewards that may or may not come from it take care of themselves. This is why the truly successful traders rarely talk about extravagant spending the way aspiring traders do.

Focus on your process. To hell with the outcome.

Photo Credit: Wi2_Photography via Compfight cc