As Coach K indicates above, the key to elite performance is hungering for excellence, not success. We can't always win, but we can always learn and learn and practice and practice excellent ways to play the game. Back in the mid-1970s, I had the honor of being part of the freshman basketball team at Duke. The coach ended quite a few of the evening practice sessions with an exercise where each player had to hit 10 consecutive free throws before they could go home. You can imagine, tired and sweaty and needing to get homework done, how the players desperately wanted to get home. That put real pressure on their free throws. Over the course of the season, they had practiced doing the right things at the charity stripe so often under duress that they didn't wilt when it came to clutch situations at game time. They achieved excellence by practicing under the emotional conditions of actual performance.
Now imagine that you couldn't leave your trade station after the market close until you had traded that day's market successfully in replay mode. Again and again, you'd replay the market and push yourself to stay in the right mindset and take the right actions. Day after day, those reps would eventually become part of you and you'd internalize sound trading psychology at the same time that you internalized sound trading.
Stay tuned to this blog post after Thursday morning's session with Jeff. I'll share the methods I discussed with the developing traders and I'll highlight how you can best rehearse these methods to coach yourself effectively. This should be fun--
Brett