Friday, May 22, 2020

How To Stay Passionate About Your Trading

All too often, I see traders begin their careers with passion and energy and then gradually lose the spark.  I see it in people's romantic relationships as well.  What starts out with energy and excitement eventually becomes routine.  And no one ever felt passionate about routine.

I recently discussed with a savvy trader how he has changed up his review process to make it more challenging and meaningful.  Tackling the right new challenges *gives* us energy.  It's something we look forward to.  As I discussed on the Confessions of a Market Maker podcast recently, we stay passionate about our trading when we have fun with what we're doing; when what we're doing is meaningful to us; and when we're connected to people through what we're doing.

What a great report card for evaluating ourselves:

*  Am I having fun with my trading?
*  Am I learning new and meaningful things in my trading?
*  Am I energized by my trading processes?
*  Am I connecting with the right people in my trading and do we make each other better?

Research suggests that we perform best when we are in a positive mindset:  when we are energized and engaged.  Yes, it's great to write journal entries and scan charts and review performance.  But all that can eventually become routine.  How are you going to stay passionate about your trading?

The Three Minute Trading Coach:  How to Shift Your Trading Psychology
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