Trading is filled with stress and even a certain amount of woe. There is money at stake. Money is one of those things that you can’t live without. Losing too much of it can seriously impact your life, your livelihood, and even in some cases, your entire financial future.

Becoming a trader requires much skill. More importantly, it requires an sense of self and ability to be your own person that only a few are capable of ever achieving.

As a trader, you know that there are good days and bad days in the market. Sometimes you wake up and you are excited to start the day, trading plan in hand, and ready for the challenges ahead. Other days, you may be in a bad mood, for whatever reason, and feel upset or frustrated. When this happens, Iacocca is right on – turn your energy into something positive.

If you look up the word “average” in the dictionary, here’s what you’ll find: “The usual or ordinary kind or quality.” Certainly, as a successful, aggressive, confident trader, you don’t want to be considered “average,” right? Especially when it comes to your money – you want to be perfect!

Most of us love the familiar. It’s that soothing feeling of security and calm. When you feel comfort without a sense of impending risk, you are in your “comfort zone.” Your trading success depends on your ability to find that balance between “organized chaos” and confidence in what you do.

Some of us are great at coming up with our trading plans but fall pretty short on the actual execution. If we could make a profit by coming up with just the plans we would be wealthy enough to retire after one year.

If you ask people why they go to work every day, most people will tell you that they need the money. So what happens when you find someone who goes to work and doesn’t make any money? Do you feel that you could go to work without bringing home the proverbial bacon? Could you do it every day for a week? What about a month?

How often do we look at other people and compare ourselves to them! “Keeping up with the Joneses” is a popular catchphrase and refers to the desire to be seen as being as good as one’s neighbors or co-workers using the benchmarks of our society.

When you have an awesome run it is easy to feel like you can take on the world and that you are headed for financial success and that nothing can hold you back. But what about those months that you end up feeling as though you worked harder than ever and yet barely broke even or even lost some ground?

The savvy trader knows how to multitask by following the market and a number of traders, but keep cool, calm, and decisive at the same time. In this day and age, with the Internet and its endless stream of information, it’s easy to feel like you are on overload.