Things which made huge positive changes to my trading:
1. Removing daily profit targets:
Having a daily target puts unnecessary pressure on performance.
The goal of a trader is to execute their plan in best possible way.
(1/n)
1. Removing daily profit targets:
Having a daily target puts unnecessary pressure on performance.
The goal of a trader is to execute their plan in best possible way.
(1/n)
Having daily profit targets put pressure on mind and a trader will not be able to focus on their plan
2. Setup hopping:
Instead of trying different tools and setups, I focused on one or two. It opened up insights about those tools which were missing before.
(2/n)
2. Setup hopping:
Instead of trying different tools and setups, I focused on one or two. It opened up insights about those tools which were missing before.
(2/n)
3. Journaling:
Maintaining records of our trades gives us deeper insights into us as traders, behavioral patterns.
More importantly, it helps us identify what is working and what is not working.
(3/n)
Maintaining records of our trades gives us deeper insights into us as traders, behavioral patterns.
More importantly, it helps us identify what is working and what is not working.
(3/n)
4. Discussions with close ones:
Trading is a lonely job and it is very easy to get lost. Discussing about it with a close family member or a friend really helps.
Even if they do not know anything abt trading, sharing about it can relieve the pressure we put on ourselves
(4/n)
Trading is a lonely job and it is very easy to get lost. Discussing about it with a close family member or a friend really helps.
Even if they do not know anything abt trading, sharing about it can relieve the pressure we put on ourselves
(4/n)
5. Trading is a performance sport:
Trading is a performance sport and as a sportsman cannot perform the same way all the time, it is the same with trader
There will be times of peak performance and times of underperformance and we need to accept it while working on it
(5/n)
Trading is a performance sport and as a sportsman cannot perform the same way all the time, it is the same with trader
There will be times of peak performance and times of underperformance and we need to accept it while working on it
(5/n)
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