Trading has many ups and downs, but its the downs that are really painful to chew on. Drawdowns while trading have led many a people to bang their heads on the wall, and in some cases had led to folks taking their lives. So as you prepare to get into the battle of trading bonfire, make sure that you have put on the right armour.
The wildfire firemen (or people) serve as a good illustration of the mindset, armour and approach that you need to take when getting into the trading arena.
Van Tharp’s (I don’t get paid for this link) Peak Performance Home Study course provides a very good foundation of things that you need to focus in your trading journey. There are probably other resources on the interweb youo can use e.g. https://www.youtube.com/user/igniteyourspark from Rande Howell who is a trading psychology coach.
Or if you prefer a biblical motivation then Ephesians 6 v 14 – 20 sounds suitable, with suitable replacements for references to the spirits 🙂
The Full Armor of God
10 Finally, be strong in the Lord and in His mighty power. 11 Put on the full armor of God, so that you can make your stand against the devil’s schemes. 12 For our struggle is not against flesh and blood, but against the rulers, against the authorities, against the powers of this world’s darkness, and against the spiritual forces of evil in the heavenly realms.
13 Therefore take up the full armor of God, so that when the day of evil comes, you will be able to stand your ground, and having done everything, to stand. 14 Stand firm then, with the belt of truth buckled around your waist, with the breastplate of righteousness arrayed, 15 and with your feet fitted with the readiness of the gospel of peace. 16In addition to all this, take up the shield of faith, with which you can extinguish all the flaming arrows of the evil one. 17And take the helmet of salvation and the sword of the Spirit, which is the word of God.
18 Pray in the Spirit at all times, with every kind of prayer and petition. To this end, stay alert with all perseverance in your prayers for all the saints. 19 Pray also for me, that whenever I open my mouth, words may be given me so that I will boldly make known the mystery of the gospel, 20 for which I am an ambassador in chains. Pray that I may proclaim it fearlessly, as I should.
So don’t be caught with your pants down.