3 realizations that TRANSFORMED my trading performance (and ultimately my life):
1. The skills you need to excel as a trader go far beyond just mechanical skills.
The mindset of developing a trading strategy alone and reaping the rewards is old-school.
People quickly realize that trading is a skill that is not mastered overnight. It is a daily battle, and there are many days when you feel like giving up.
You need mental skills to succeed as a trader, and skill develops with practice.
You need to build your stamina, patience, and commitment. The best traders focus on building their skill sets while building mental toughness.
2. The Art of Trading is a skill like any other.
When you study martial arts, art, or music, you study to become a better version of YOURSELF.
You study to deepen your understanding of the subject and push your own limitations.
The same goes for trading.
You need mental skills to succeed as a trader.
You need to constantly check your emotions, keep calm and work through your plan.
Your mental skills enable you to experience FLOW.
This means you feel fully immersed in what you are doing and can see each moment unfolding for what it is.
This is true CLARITY and opens up the doors to super performance.
3. Learning to trade is not black & white.
Despite soaking up a technical strategy, it's really difficult to stay consistent and make money without investing in the mental strategy as well.
You may well be technically sound, but if you lack the mental skill, technical strategy is wasted.
At the end of the day, it's about developing the right mindset required to master your trading and start seeing results you are proud of.
In the beginning, I studied dozens of trading books and saw some success as I practiced the strategies in real-time.
It wasn't until I took the psychological side seriously and learned more about myself that the success compounded exponentially.
Work on your mental game.
When your technical and mental skills ALIGN — you will be unstoppable.
If you enjoyed this thread:
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