In embarking upon this journey, it is paramount that you grasp the fundamental truth that success rests upon the shoulders of the individual—the indomitable force within. It is the very fabric of your mentality, the fortitude with which you confront challenges, and the resolute actions you take that shape the trajectory of your endeavors. In the realm of trading, your psychology serves as the fulcrum upon which the scales of triumph and defeat are delicately balanced.
Understand, however, that the pinnacle of trading psychology can only be reached through an unwavering commitment to the cultivation of your own psyche. It is a relentless pursuit, one that necessitates a steadfast examination of your inner workings and an unyielding dedication to personal growth.
What is Grit?
Grit, a construct praised for its ability to summon both unwavering passion and unyielding perseverance, serves as a steadfast companion on the arduous journey towards a long-term goal. It echoes the age-old adage that success is not a mere fleeting sprint, but a resolute marathon. In simpler terms, gritty people put in sustained effort over time to achieve a high level of success in their chosen domain
What it takes to Build Grit
The Path to Building Grit:
To embark upon the journey of building grit is to embark upon a voyage that warrants an entire course dedicated to its exploration. It is an endeavor that demands deliberate and unwavering commitment, particularly for those who may not possess a natural inclination toward discipline or have yet to conquer an arduous task that defies all odds.
Indeed, the acquisition of grit necessitates deliberate practice, a devoted immersion into the depths of its constituent elements. It is through this dedicated practice that discipline finds fertile ground to flourish, gradually transforming one’s character and fortifying the resolve required to surmount seemingly insurmountable challenges.
List of attributes one must attain to develop Grit
- Passion: Discover the radiant fire within that ignites your soul, where fervor, vitality, and bliss reside. Grasp the depths of your profound values and keen interest in trading. Nurture an insatiable thirst to delve ever deeper into trading mastery. Embrace an unwavering commitment to proactive learning, for it shall infuse your reservoirs of resilience for the grand journey ahead.
- Commitment: Embrace the indomitable fortitude that enables one to endure through the most testing storms, even when challenges loom large and difficulties abound.
- Concentration and Attention: Cultivate an unwavering focus upon your chosen realm, diligently warding off the siren calls of distractions that threaten to divert your gaze.
- Vision: Let your gaze remain unwaveringly fixed upon the sacred summit, directing your actions harmoniously toward success.
- Responsibility: Embrace the creed that proclaims, “If it is to be, it is up to me.” Hold steadfastly to the belief that you are the master of your destiny, the orchestrator of your own symphony, rather than conforming to the circumstances. You have to happen to your life, don’t let life happen to you.
- Optimism: Foster a luminous beacon of hope and optimism that drowns out the naysayers and doomsayers, banishing discouragement from your thoughts and kindling the eternal flame of enthusiasm.
- Time: Allocate ample moments of your existence to immerse yourself in the sanctity of your chosen realm, employing the gift of time for purposeful and deliberate practice.
- Patience: Recognize that the journey toward any worthwhile destination demands a reservoir of patience far greater than our impetuous nature would dictate. Seek solace and strength in the practice of mindfulness, for it shall fortify the bonds of patience within.
- Effort: Embrace the willingness to unleash the full force of your being, to exert yourself tirelessly in the pursuit of your noble aspirations.
- Self-discipline: As the philosopher Ken Keyes wisely declares, “The secret of life is sticking with it.” Refuse to succumb to the allure of surrender, for in the realm of grit, perseverance alone shall guide you toward the zenith of triumph.
- Courage: Embrace the unwavering fortitude that emboldens one to confront and endure discomfort and pain, for it is within the crucible of these trials that the seeds of your vision shall blossom.
- Habits: Forge new paths through diligent practice, carving out disciplined routines that fuel your journey towards greatness.
- Support: Recognize that the development of grit necessitates the solace of support. Seek the guidance and wisdom of role models, mentors, teachers, coaches, and those who have traversed similar paths, for their wisdom shall serve as a beacon to light your way.
- Creativity: Dare to unleash the untamed powers of your imagination, venturing down the road less traveled. It is through this audacious exploration that true innovation thrives.
- Loyalty: Embrace the unwavering commitment to remain steadfast when the path grows treacherous or mundane. For it is in the depths of loyalty that the seeds of enduring success are sown.
- Perseverance: Cling tenaciously to the path, for it is through unwavering perseverance that we transcend the realms of frustration and emerge stronger and wiser.
- Consistency: While some may experience fleeting infatuation with a particular area of interest, those with true grit maintain an unwavering passion spanning years. Their enthusiasm burns with a resolute flame, undiminished by the passage of time.
- Resilience: Summon the strength to mount the horse once more after being thrown from its saddle, but do not forget to glean wisdom from the lessons embedded within the fall.
- Openness: Embrace the transformative power of feedback, especially that which is tinged with constructive criticism. Surround yourself with trusted friends and colleagues who shall guide you towards growth.
- Purpose and Meaning: Select goals that not only enrich your own life but also enhance the lives and well-being of others. When we discover our unique gifts and devote ourselves to bestowing them upon our community, we ascertain our role in contributing to the greater welfare of humanity.