Thread on inward reflection in trading:
One of the most important yet underrated and unknown aspects of improving your trading performance is "Inward reflection"
(1/n)
One of the most important yet underrated and unknown aspects of improving your trading performance is "Inward reflection"
(1/n)
90% of the trading happens inside your head, only 10% on the terminal.
As a trader looking to improve or maintain performance, it is essential to constantly introspect on how you feel before, during and after market hours on days of various performances.
(2/n)
As a trader looking to improve or maintain performance, it is essential to constantly introspect on how you feel before, during and after market hours on days of various performances.
(2/n)
Asking a generic question like "How to improve my trading psychology" is like walking into a garment store and asking " I want a shirt."
There is no one size that fits all.
(3/n)
There is no one size that fits all.
(3/n)
Every human is unique. We are shaped by our beliefs, experiences and we bring them into the markets a lot more than we realize.
Subconsciously, they affect every decision we make during our trading.
(4/n)
Subconsciously, they affect every decision we make during our trading.
(4/n)
The pressures we carry, the good news we hear, the emotions we experience have a profound impact on us and impact the level of objectivity with which we can analyze the markets and punch in orders.
(5/n)
(5/n)
Success in trading is a combination of the right strategy for you (right for you need not be right for me), entering the markets with the right mindset and applying it over and over again.
(6/n)
(6/n)
How to go about the process of inward reflection?
Find out what kind of person you are: Your personality.
What triggers you positively and what triggers you negatively.
(7/n)
Find out what kind of person you are: Your personality.
What triggers you positively and what triggers you negatively.
(7/n)
Work around those triggers to keep a balanced mindset.
Maintain extensive notes and voice recordings (my personal favorite) on your thoughts on various performances.
(8/n)
Maintain extensive notes and voice recordings (my personal favorite) on your thoughts on various performances.
(8/n)
Ex: If you broke a trading rule, make a note of what exactly were you thinking when you broke it.
What did your mind tell you which made you bend the rule?
(9/n)
What did your mind tell you which made you bend the rule?
(9/n)
Work on keeping a track of such experiences and experiment with your mindset, reflect inward to understand what set of mental circumstances brings the "peak performance factor" in you.
(10/n)
(10/n)
Try to create those circumstances on a daily basis to improve your mental stability.
This was just a mere ex. I can go on and on but that would negate the whole point of "Inward reflection."
It is for you to think and introspect.
(11/n)
This was just a mere ex. I can go on and on but that would negate the whole point of "Inward reflection."
It is for you to think and introspect.
(11/n)
Lastly, never forget that market is an arena that makes a fool out of the smartest of people.
And that is why practicing mindfulness is important.
Re-tweet if you found it useful. (Yes, it is gyan but an essential one)
#StockMarket #nifty50 #trading
And that is why practicing mindfulness is important.
Re-tweet if you found it useful. (Yes, it is gyan but an essential one)
#StockMarket #nifty50 #trading
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