Learn From Roger Federer’s Mentality How To Succeed in the Markets

Just like in sports, if you want to be successful in trading, you have to think a few steps ahead. Additionally, you should not be afraid to look back. Roger Federer, one of the greatest tennis players, knows this technique. Therefore, let’s get to know and understand Roger Federer’s Mentality.

Applying the tennis legend’s tips for the court to success in the financial market

Occasionally, it’s a good idea to step back from your environment and examine different arenas that might have parallel, applicable lessons. Seeing similarities in those other worlds can help you better understand what needs to be improved and Succeed in the Market.

So, for today’s article, we’re going to borrow some lessons from the great tennis legend Roger Federer’s mentality. In his quest to master the skill of tennis, he had to overcome many different mental obstacles.

When we take a close look, we find that what he had to overcome is not so different from what we, as traders, have to overcome. Let’s take a look at Roger’s seven keys for conquering the mental obstacles on the road to greatness.

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“It’s OK to be unmotivated.”

Early on in his career, Roger mentioned that there were days he just couldn’t get up and move toward his goals. But rather than beating himself up for it, he accepted that not every day would bring a burst of energy and motivation.

To get into Roger Federer’s mentality, we need to understand that developing trading skills takes time. Additionally, the learning curve is long. It’s ok to feel a little defeated after a loss. Moreover, feeling less energetic after a sleepless night is natural. Ups and downs are part of learning, improving, and mastering any subject or skill.

A good way to combat hopeless despair is to refer to your trading journal from a time period of success. If you’re in a rut, it’s helpful to recall a period when you were successful in order to remind yourself that there have been successes and that it’s more than possible to succeed again.

“It takes a while to figure it out.”It’s okay to feel a little defeated after a

In relation to the first tip on this list, which we adapted to understand Roger Federer’s mentality, be prepared to commit for the long term.

If you’re getting into trading because you want to make a pile of money, be ready to be disappointed early on. Trading is a skill that takes months and years to cultivate and perfect. Early on in your trading career, you may feel confused or lost. It’s OK to feel this way.

As you progress, your goals and desires will become more clear to you. As long as there is a small spark constantly inside of you, pushing you in the direction of your goals, you can succeed.

“Make a decision about what you want.”

Why are you trading, and what exactly do you want to gain from trading? Come up with clear, long-thought-out answers to these questions and incorporate the answers into your trading plan.

With a clear and defined goal, it will be easier to stick to the trading plan, trust it, and stay on the path toward your ultimate trading life.

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“Fire vs. Ice”

In his understanding, Roger compares the duality of success and failure to fire versus ice. When everything is going well, and he is succeeding, he likens the feeling to fire. He is alive with energy and heat, which excites and pushes him toward his goals. On the other hand, days that don’t turn out in his favor are referred to as ice.

As traders, we experience the same. Winning trades and continually succeeding in the market can feel like a fireball of energy, pushing us to work harder and harder to succeed.

But a bad trade can be paralyzing. All of our momentum can freeze up and stop. The key is to find more fire in those moments and thaw out the ice buildup.

“It’s ok to be nervous, but trust yourself.”

In trading, if you trust yourself, you’ll ultimately trust your trading plan. We’ve written extensively about the importance of your trading plan, so please review it if necessary.

In short, if you know you have a solid understanding and grip on what your plan is to Succeed in the market, and you are disciplined enough to execute the plan faithfully, you need to have trust in the trading plan. A trade might be missed here and there, but over the long run, sticking to your trading plan is what is important. If you begin to doubt yourself, you will stumble and quickly find yourself lost.

Even a legend like Roger admits to getting nervous at times. His method for overcoming these negative emotions is to let go and trust his talent and preparation. The same should apply to you if you find yourself agonizing or anxiously fearing potential market movements.

“Always try to find the positive.”

When we watch Roger on the tennis court, we’re only seeing the tip of all of the incredibly grueling work he had put in prior to that moment on television. We don’t see the endless hours of balls hit into the net or practice serves to miss the box.

But as Roger explains, while we want to be perfect 100% of the time, this is an impossible standard. If we accept that we will have failures here and there, we can then work to extract the positives from each failure.

As you trade, you, too, will fail. It is an undeniable part of trading, and the sooner you learn to accept it and learn from your mistakes, the better. When you accept failure as part of the journey to success, it becomes easier to extract positive lessons from missteps.

“Try your best.”

Finally, Roger tells us to always try our best. If we succeed while trying our best, we know we’ve earned something special. If we fail while not giving 100%, then there is no one to blame for our failure but ourselves.

The court as an analogy for succeeding in the market summary

If you do give 100%, there is never any reason to doubt yourself or fall into a retrospective pity party as to why things didn’t work out. There is much pleasure in knowing you tried your best. If you fail while doing so, go back to your trading plan, trust it, and see what needs to be changed or tweaked. If you need to learn more, do so. Whatever it takes, pick yourself up and give it the best effort you can.

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