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The Power of NO in Trading with Casey Stubbs, Ep #99

by | Feb 9, 2022 | Podcast | 0 comments

Casey Stubbs is a 9 ½ year United States Army Veteran and married father of nine.  He is an entrepreneur, a leader in his local church, and is a successful business owner and trader.  Casey is dedicated to helping people from all walks of life fulfill their financial dreams, while also achieving financial freedom.  Helping others is at the heart of all that drives Casey on a daily basis.  In this episode of How To Trade It, Casey shares the importance of self-discipline with practical steps to make improvements in your own life. You don’t want to miss it!

@CaseyStubbs talks about the importance of learning to say NO to yourself, so that you continue to grow as a trader. Join us on this episode of How To Trade It to find out more! #Self-discipline #MentorProgram #Stocks #Crypto # Forex… Click To Tweet

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You’ll want to hear this episode if you are interested in…

  • [01:29] The power of NO overview
  • [02:15] Learning self-discipline
  • [03:07] Reviewing your trades
  • [05:05] Integrity in life and trading
  • [09:09] Becoming disciplined
  • [12:40] Positive self-talk
  • [15:15] Accountability
  • [17:47] Celebrating your wins
  • [18:49] Cheat days

Self-discipline

If we are going to succeed in trading, we need to learn the fine art of self-discipline.  We must say NO to bad trades and the opportunity to make money, when the trade doesn’t fit our plan. One of the greatest examples of self-discipline can be found in World Trading Champ, Mark Minervini.  It takes a great deal of restraint to pass up 1,000s of opportunities to trade and only select 22 over the course of an entire year.  If you haven’t done so, check out my podcast regarding his 2021 year in review and see for yourself..   

Integrity

It’s essential for a happy life and becoming a great trader.  Whatever you do, and whoever you are in your day-to-day life, will carry over to your trading life.  You should set firm boundaries and have the ability to say NO to yourself in all areas.   

Positive Self-Talk

When you mess up, and you will, don’t punish yourself with phrases like, “Geez, I’m so stupid, I’ll never be good at this.”  Instead, replace that kind of thinking with an acknowledgment of the mistake and a positive word.  For example, “Wow, I really made a mistake by not setting a stop loss on that trade.  I won’t make that mistake again.  Next time, I’m going to crush it.”  You must push yourself to keep moving forward as you learn from inevitable mistakes.  Quitting just isn’t an option.  

Resources & People Mentioned

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Disclaimer: Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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