What that agency is that it is vital for traders to empathise their strengths in addition to how those strengths manifest themselves equally successes. When I enquire traders to position their strengths, they inevitably plow over generalized responses that don't map onto best processes. For instance, a trader may tell that they're skillful at conduct a opportunity administration or skillful at reading nautical chart patterns. How do they specifically depict upon those strengths inwards 24-hour interval to 24-hour interval trading? That is non elaborated.
To genuinely empathise yourself inwards a best practices framework, enquire yourself:
1) What do I do best inwards price of researching ideas for trading?
2) What do I do best inwards price of translating my ideas into specific trades?
3) What do I do best inwards price of executing in addition to sizing my trades?
4) What do I do best inwards price of managing the conduct a opportunity of my trades?
5) What do I do best inwards price of managing myself equally a functioning professional?
Now enquire yourself: How do I proceed rail of today's functioning inwards lite of the 5 best practices categories above? How, specifically, do I ensure that today's trading is aligned alongside what I do best?
The greatest error traders brand is spending much to a greater extent than fourth dimension next in addition to studying markets than next in addition to studying their ain trading performance.
Better agreement of markets does non necessarily interpret into improve trading of markets.
If you lot don't empathise in addition to human action upon what drives your success, something else volition inevitably stimulate your performance. Every bad merchandise fills a vacuum.
Further Reading: Why Disciplined Traders Make Bad Decisions
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