Henry Ford famously said, “Whether you think you can, or you think you can’t…you’re right.”
What you think of yourself will always manifest itself in how you act and has the power to limit your achievements.
If you think you are not smart enough, not articulate enough, or not good looking enough, these negative thoughts will manifest themselves in your body language, your self esteem, your mood, your confidence, and even your character.
Such negative thoughts over time become negative affirmations and these will pull you down in every sector of your life.
On the other hand, positive affirmations have the power to propel you to your rightful place at the top of the ladder.
Daily positive affirmations will give you a more positive outlook on life and equip you with the right attitude to achieve amazing success.
The conscious use of daily positive affirmations can drive positive change in your personal relationships, your career, your business, and your whole life in general.
What Is Positive Affirmation?
An affirmation is simply an assertion that something exists or that something is true.
For a statement to be described as an affirmation, the person saying it has to believe in it with as much conviction as he believes that we breathe in air.
For affirmations to work, they need to be repeated over and over until they become part of your daily habits.
Why Use Affirmations?
Traders require particular skill sets to be profitable and these include in varying degrees some education, knowledge, mathematical abilities, time management skills, organizational abilities, people skills, analytical abilities, and many other skills.
However, to be a success you do not need to excel in all these skills. In fact, you can get by and even succeed without mastery of any of these skills. The only two skills you cannot do without are a positive attitude and a winner’s mindset.
Positive affirmations are used by financial traders to influence positive behavioral changes, strengthen self-belief, boost morale, and enforce good trading habits.
Without that, all your mathematical and analytical knowledge will be lost in the clutter of self doubt and second guessing.
5 Examples of Positive Affirmations for Traders
If you begin your trading days and everyday with a positive outlook on life, you are best placed to succeed.
Affirmations as a trader will reinforce your beliefs, your desires, and your commitments to achieving your goals and staying on track.
Examples of some positive affirmations specifically for traders are as follows:
1. I Have a Trading Plan and I Will Stick to It
The famous motivational speaker, Jim Rohn, wisely said “Affirmation without discipline is the beginning of delusion”.
The failure of most traders is that they come up with a perfect trading plan but get sidetracked and fail to follow through.
Emotions get in the way, fear takes over, or greed overwhelms them.
To avoid sinking into delusion, a trader needs to believe in his plan and set his mind to follow through on it with each and every trade.
2. I Am the Best Trader
This is related to the first affirmation. Have you ever done your market analysis and wanted to trade one way but some expert convinced you to trade another way?
Believe in yourself and your judgment.
It does not matter if a major bank predicts a downshift in currency price, if you think the price is going up, then trade appropriately.
It does not mean you will never be wrong, but if you keep letting others influence your decisions unduly then you are headed for certain failure.
3. All Trades Are Equal Risks
Trading make the common mistake of committing all their resources to a trade when they get some surefire setup.
You get the most opportune market signals, backed up with insider secrets, and all the top players talking up the decision and you ditch your risk management policies.
Never forget that every trade has the potential to lose, even those that look like perfect winners.
Doing away with your money management plan to greedily multiply your investments tenfold is a quick route to ultimate bankruptcy.
4. I Am Fully Accountable For My Trade Actions
This affirmation reinforces all the other previously mentioned ones. You can listen to advise and you can watch the news, but ultimately, the decision you make is yours alone.
The power to determine your destiny is in your hands. As a trader, it is upon you to come up with your own winning strategy.
If you act outside your strategy and lose money, you have no one else to blame but yourself.
It’s not the fault of the government, your broker, other traders, or the economy.
Similarly, if you go outside your strategy and make a profit, that is still a bad trade because now you have broken your affirmation and programmed your mind to think it is okay to act impulsively.
5. I Will Faithfully Keep a Trading Journal
There is nothing more laborious and tiresome to a trader than keeping a record of all trade actions.
It is for this reason that many forego this very important part of the trading process.
Keeping a journal helps you pinpoint past mistakes and keeps you accountable for all your trade decisions.
Additionally, a trade journal helps the trader conform to the chosen strategy with each trade.
Using your journal, you get to determine your level of success over time and you have all the data to tweak your strategy and make it even more successful in the long term.
Conclusion
There are many more positive affirmations commonly used by traders.
For your own success, you need to develop your very own unique set of affirmations based on your personal trading goals and wishes.
The most important thing is to make sure your affirmations express your very own true convictions, they are said in your own unique voice, they motivate you to better daily performance, and they are possible to live by.
If you use affirmations based on high ideals that are not practicable, you will be doing more harm than good as you may end up in self loathing and loss of esteem.
So watch out for negative affirmations and those positive affirmations that are unachievable as they yield negative outcomes.
