Saturday, December 22, 2018

Info!! Pushing Our Trading Boundaries

I had an interesting sense recently.  Until the snowfall of the final few days, I had been doing my jogging outdoors.  It's slap-up exercise, in addition to it is real effective inwards clearing out the caput in addition to starting the day.

With the recent snow, I went dorsum to the treadmill in addition to resumed my jogging.  The slap-up affair almost the treadmill is that it continuously measures pulse rate, calories burned, distance traveled, pump rate, in addition to more.  As I replicated my outdoor run on the treadmill, an uncomfortable reality hitting me:  I was non coming only about my target pump charge per unit of measurement for optimal aerobic benefit.  In uncomplicated terms, my outdoor runs were non pushing me nearly difficult enough.

That's the slap-up affair almost keeping score:  there's far less room for making faulty assumptions almost your performance.  In trading, nosotros mean value we're working difficult at improvement when inwards fact we're non really breaking a sweat: we're non genuinely pushing ourselves exterior our comfort zones.  When I gave a recent verbalize to the SMB traders, I was asked almost patience in addition to dependent in addition to proposed the next exercise:  calculate the median discover of trades you've placed each twenty-four hours over the past times 2 months.  Then split upwards that discover past times 2 in addition to bound yourself to that discover of trades for the day.  Once you lot hitting that limit, you're done for the day.

Now that is a fleck similar getting on the treadmill.  We're no longer relying on a subjective intention to merchandise to a greater extent than selectively; we're keeping grade in addition to forcing ourselves to really *be* to a greater extent than selective.  If you've averaged iv trades per twenty-four hours in addition to directly tin plough over notice solely get got two, you've created a province of affairs where you lot purpose one-half your bullets for the twenty-four hours if you lot get got a unmarried marginal, low-quality trade.  Knowing you lot solely get got 2 trades to brand during the twenty-four hours forces you lot to await for the best opportunities in addition to to kicking the bucket along pulverisation dry out for possible after opportunities.

When I'm on the treadmill, I can't avoid looking at the hide that tells me if I'm cheating or not.  When you're limiting the discover of trades, you lot can't overtrade in addition to somehow convince yourself that you're working on your game.  There's a maxim that verbalize is cheap, but it's not.  It's quite expensive if it deludes us into thinking we're making progress when inwards fact we're non making sufficient efforts.  Bella was correct to lay into some of the traders, only every bit I was correct to chastise myself in addition to double downward on sticking alongside the treadmill.  If I desire to clear my caput in addition to larn fresh air, great, become for a jog.  But if I desire to operate out in addition to develop myself, in addition to hence dammit kicking the bucket along score, rails objective reality, in addition to really figure out if I'm genuinely developing.

It's all almost purpose it or lose it:  if it doesn't grow, it stagnates.  And if nosotros don't interruption a sweat in addition to force our boundaries, nosotros never genuinely grow.

Further Reading:  The Greatest Mistake Losing Traders Make
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