12/12/24 - All good work on improving ourselves increases our capacity to sustain work on ourselves. Just as in a gym, our workouts build our ability to sustain work: when we grow our trading, we grow ourselves, and that is growth of our free will: our capacity to grow.
12/11/24 - Here is a formula for making positive changes going into the new year: Think big, implement small. What that means is that it's important to have a vision and mission that inspires and energizes you, but it's equally important to implement that vision with concrete activities, goals, and plans every single day. Add one positive action to your routine each day that implements your big picture vision. Incorporate that new action every single day in the same way for a month and then add another positive action in the same way. Step by step, you move toward your ideal. Change requires inspiration; change requires consistency. What you do shapes your mindset. Each day, be a little more of the person you're ultimately meant to be.
As we get to the end of the year and you review your performance, here are three tough questions to ask yourself (and answer!):1) If a basketball or football team prepared for its next opponent with the intensity and thoroughness that I bring to my daily preparation for trading, how well would they do?
2) If I entered an elevator and saw a famous venture capitalist riding with me, what pitch would I make for my trading business and how likely would it be that he/she would invest in my trading?
3) What have I been truly successful at prior to my trading career and how, specifically, do I leverage that talent in my current trading to achieve positive and unique returns?
Mindset will never, by itself, make you a successful trader. What you do to pursue your distinctive trading success empowers your mindset.
Further Reading:
Three Questions to Ask About Your Positive Trading Psychology
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