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LESSON: Do You Take Full Responsibility For Your Actions?

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[op_liveeditor_element data-style=””][text_block style=”style_1.png” align=”left” font_size=”16″ font_font=”Montserrat” font_color=”%237e7e7e”]Ask any trader “do you take 100% responsibility for your trading actions and all the outcomes?” they will nearly always say yes.

However, the amount of traders that actually take 100% responsibility is really quite small. The reason black box systems and also indicators are such a massive hit with traders is because traders can use these to make trading decisions for them. The trader doesn’t have to make decisions themselves. In this way traders don’t have to take responsibility for whatever the outcome is.

When the indicator or box system gives them a winning trade they are more than happy to take the responsibility for the winning trade, but what happens when a loss comes? They can avoid all responsibility and shift the blame onto the indicator or system that let them down!

The other example of not taking responsibility can be found in forums and people looking to what others are doing to basically copy their trades. Traders will do anything to not take full responsibility for their own actions.

You must start to trade from the mind set of all outcomes in your trading are from the decisions you have made and the way you have reacted to market information. I often hear people getting mad with the market. Many traders feel at times like the market is against them or not going their way.

Opportunities…

We know the market is completely neutral and just gives us opportunities to make trades. It is up to you to take responsibility and realise every single outcome that happens is because you made it so.

If you are a winner it is because you made it so. If you lost more than you ever wanted to risk on any one trade it is because you made it so. The market gives you endless opportunities to make decisions and all the outcomes are because of how you behaved.

NOTE: This is why I am so BIG on you creating and enforcing your own rules/plans that also contains your pre-trade plan rules.[/text_block][/op_liveeditor_element]