As an entrepreneur starting a new business, people continuously ask me, “How is my business going?” For a while I defaulted to one of my usual answers: “Yeah, it’s ok.” I felt like I was on autopilot, spitting out that answer, too afraid to admit that maybe things weren’t ok. At times I felt like a failure. If sales were down a particular month, I assumed I wasn’t succeeding at my business. I, like many of us, assume success is measured or equal to what sells or how much money you make. However, if your sole focus is money in business and in trading, then you have already set yourself up for failure.
Here is how I changed my outlook and definition of success:
Changing Your Mindset:
Changing my outlook helped me craft my new definition of success. I changed my environment in order to get out of old habits of thinking. I filled my mind with positive role models… people that had found success in a particular field. I learned about their stories, their ups and downs. I realized that sometimes it was through their failures that they persevered and overcame the odds. This inspiration helped me mold a new philosophy for what I was trying to accomplish with my trading and my business.
Trying New Ways to Grow and Improve:
SUCCESS in Trading is about risk management and the psychology behind it, with the intention to make money. However, if you focus solely on making money, you are setting yourself up for failure in the market. There are so many ways to make money in this world. If your ONLY reason for trading is because you want to make money, perhaps trading is not the best option for you. In trading you will win and you will lose. You will need to persevere through some tough times.
You need to try new things in order to figure out a process that works for you. It’s like when my 2-year old daughter fights me every time I want her to try a new food. She needs to taste the food first to see if she likes it. But the only way to find out is to TRY! And you will try and try again in trading. You will see yourself grow and your process continue to evolve over time as you become more experienced and understand your trading capabilities. And these successes, along with the failures, will help you thrive.
Love What You Are Doing:
Entrepreneur and motivational speaker Evan Carmichael defines success as being measured by the amount of impact you have. Think about your trading or your business. Are you having an impact and do you love what you are doing? You need to find something that truly energizes you! It needs to make you feel so fulfilled that you want to keep doing more. I can honestly say that I love ChartYourTrade and I love everything about it. I am inspired when I hear from you! Recently one of our readers who is only 17 reached out to me and asked me to mentor him on trading. I was blown away by that and it truly made me feel like I am making a difference.
Even though it took me a while, I now understand what success means to me. This new definition of success has helped my business grow, but more importantly, has helped shape the kind of entrepreneur and person that I want to be.
What does success mean to you? Chat with us in our new Facebook Group “ChartYourTrade FAMILY” and share your thoughts and comments!