Here's a great routine to further your trading psychology in the year ahead:
Each day, give yourself a letter grade in the following areas of psychological well-being:
1) Happiness - Feeling joyful; doing things that are fun; enjoying what you're doing;
2) Satisfaction - Feeling fulfilled; doing things that are meaningful; acting on your deepest values;
3) Energy - Feeling invigorated; doing things that give you energy; getting full rest and physical exercise;
4) Affection - Feeling close to those most important to you; doing things that bring love and closeness; connecting with others you care about.
Each day you receive a C grade or below in one of the areas, you set a goal to bring that grade higher the next day by actively scheduling experiences that will bring well-being.
Track your day's productivity and the quality of your trading as a function of your daily grades. See first hand how your trading is intertwined with your trading psychology.
Improving your trading psychology is just like improving your trading: it's all a matter of ongoing deliberate practice.
Further Reading: Can Successful Trading Be Taught?
.
Each day, give yourself a letter grade in the following areas of psychological well-being:
1) Happiness - Feeling joyful; doing things that are fun; enjoying what you're doing;
2) Satisfaction - Feeling fulfilled; doing things that are meaningful; acting on your deepest values;
3) Energy - Feeling invigorated; doing things that give you energy; getting full rest and physical exercise;
4) Affection - Feeling close to those most important to you; doing things that bring love and closeness; connecting with others you care about.
Each day you receive a C grade or below in one of the areas, you set a goal to bring that grade higher the next day by actively scheduling experiences that will bring well-being.
Track your day's productivity and the quality of your trading as a function of your daily grades. See first hand how your trading is intertwined with your trading psychology.
Improving your trading psychology is just like improving your trading: it's all a matter of ongoing deliberate practice.
Further Reading: Can Successful Trading Be Taught?
.