from Dr. Brett:
Last year I gave a talk at a conference  of traders and concluded the session by giving out my email address and  phone number and inviting the attendees to contact me for any help they  might need.  I made it clear that I would not be soliciting them as  commercial clients for coaching and that I would not charge them for  time spent with them.  
One  of the participants approached me at the end of the session and  expressed surprise that I would make myself so widely available at no  charge.  He noted that there were over 100 traders in the session and  that I could easily be swamped with calls.
I smiled and simply said, "We'll see."
Within a two week period, I counted all the  contacts that resulted and tracked who initiated them.  It was a very  easy task, because there was only one contact.  It was from a very  successful independent trader.  No one else followed up.
And that's the way it usually is:  Of  the people with professed trading passions, only a fraction will sustain  keeping any kind of journal or performance record; of those, only a  fraction will use the journal and performance data to set and pursue  concrete goals; of those, only a fraction will reach out for assistance  in achieving those goals.
On  the whole, people fail to reach high levels of success because they are  not doing the things that successful people do:  they are not on a path  that can possibly lead to success.  Traders can repeat positive  affirmations and invoke positive images, but nothing replaces the hard  work associated with preparation, practice, and focused work on oneself  and one's craft.
The  motivation to trade?  Everyone has that.  The motivation to be more than  who you are:  that's what makes winners. 
And by the way, that one guy who did  follow up and call me?  He made well over $1,000,000 last year.
And he still calls.
More:
Turning  Goals Into Habit Patterns
What  Turns Goals Into Performance 
Tuesday, February 23, 2010
The Psychology of Winners
Labels:
Brett Steenbarger,
trading psychology