Why Highly Successful Business Minds Struggle in Trading
Turning Career Success into Trading Success
A large number of people who venture into trading are outliers.
Many didn’t finish school or get a college degree.
They have strong beliefs that set them apart.
They think differently from the majority.
They’re stubborn as hell.
They refuse to conform.
Simply put, they’re not great at following others' playbooks.
I’m sure you resonate with at least one or two of these traits. And that’s probably part of what drew you into trading—no boss, time freedom, and more control.
Most of these people have set their professional careers in ways they could create controllable variables free from having to follow other rules.
I see this very often: people who have achieved high success in their fields have turned to trading as a new challenge, a way to reinvent themselves!
But here’s what I notice: although an outlier mindset can drive you to start trading, it can also become your biggest roadblock to success in this field.
The patterns I find about these highly successful people in trading:
They overtrade as an attempt to reclaim the control they’re so used to having
They want to win by all means — the never-give-up mindset favored them in the past on the business side of things
They’re impulsive by nature as a by-product of the astute decision-making they had to do in the business world
In this post, I explore the biggest challenges my clients who come from highly successful backgrounds face when transitioning to trading and some perspective on how to learn the real Trader Mind.