{"id":9502,"date":"2011-01-29T17:04:22","date_gmt":"2011-01-29T22:04:22","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=9502"},"modified":"2013-12-05T11:31:30","modified_gmt":"2013-12-05T16:31:30","slug":"perseverance","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/perseverance","title":{"rendered":"Perseverance"},"content":{"rendered":"

Perseverance<\/strong>: steady persistence in a course of action, a purpose, a state, especially in spite of difficulties, obstacles, or discouragement.<\/p>\n

At the start of the New Year, I set certain goals and high expectations for myself. However, in the month of January, I seemed to have a tough time trading. I started to have down days during my first two weeks, followed by a positive week, which was then followed by two consecutive stop out days. After these occurrences, I contemplated whether or not I should trade on the demo account for a few days just to get my confidence back. However, my mentor suggested that I continue to trade live and make some money, which I thought about for some time and ended up doing.<\/p>\n

Even though I was having a rough time with the market, I was still making good trades. After I spent some time reviewing these trades and replayed them in my head over and over again, I found that new skills began to develop. Such as:<\/p>\n

1) \u00a0 Reversal patterns<\/p>\n

2) \u00a0 Better tape-reading skills in highly volatile stocks<\/p>\n

As this month continued, other traders started to come to me for advice, despite the fact that I was having a rough time with the market. These occurrences increased my confidence during this time period. I am nowhere near where I want to be, but now with my new-found commitment and dedication, I can see myself achieving my goals.<\/p>\n

So, for anyone who is struggling, instead of dealing with your problems in a negative manner, manage them in a positive one. One of the ways you can achieve this is by persevering through these times and allowing yourself to learn. You must keep in mind that these experiences will allow yourself to grow as a trader. This is the only way you will be able to become successful.<\/p>\n","protected":false},"excerpt":{"rendered":"

Perseverance: steady persistence in a course of action, a purpose, a state, especially in spite of difficulties, obstacles, or discouragement. At the start of the New Year, I set certain goals and high expectations for myself. However, in the month of January, I seemed to have a tough time trading. I started to have down days during my first two … Read More<\/a><\/p>\n","protected":false},"author":143,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1532,1533,456],"tags":[2848],"class_list":["post-9502","post","type-post","status-publish","format-standard","hentry","category-guest-blog","category-sammys-blog","category-trader_development","tag-perseverance","no-post-thumbnail"],"yoast_head":"\nPerseverance | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/perseverance\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Perseverance | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Perseverance: steady persistence in a course of action, a purpose, a state, especially in spite of difficulties, obstacles, or discouragement. 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