WHY HOLD ON TO LOSERS?

I suppose for that reason and a whole bunch of others, you might hold on to a losing position because, deep down inside, you are reluctant to win. Sound ridiculous? Then why keep a loser when every advisor and statistic tells you to get rid of it?

I have seen many traders who could not consistently win because they had a monkey on their back. Sometimes it was an overbearing parent, sometimes it was from living in an abusive situation. In many cases it was because they were told they were no good, and that they would never amount to anything. They were told they were losers by someone, somewhere, and they heard it often enough that they began to believe it, and still do to this day.

I’m going to step out on a limb with this, because I am aware that most traders do not consider having a relationship with God as an important ingredient in their trading. However, if you have a belief in God, then you are already well on your way to better trading. The Bible states that we are made in the image of God. I don’t know what that means to you, but to me it means that my potential is far greater than that which other people see in me – i.e., that my parents, family, friends, or other traders see in me. Regardless of past problems, bad experiences, or even negative things said to me, I know I am made in the image of the Almighty. In the general sense, I can do anything I imagine that I can do.

If the Wright brothers had believed that man cannot fly, where would be today? We have learned to exist in space, under the oceans, and to move about much faster than our human physical restrictions will allow. We are able to see the most incredibly small things, and hear sounds that are above and below the human spectrum of hearing. We can see inside material objects with X-Rays, CT scans, and MRI machines.

Why should any trader believe what other people tell him or her about their capabilities? If you know you are in the image of God, then stop behaving as if you are not. Begin behaving as though you are the unique and special person you truly are.