* Increase your exposure to novel together with dissimilar ideas - The worst traders are caught inwards confirmation bias: they attempt views that bolster their own. The best traders I know are intellectually curious: they attempt out fresh perspectives, together with that helps them generate fresh trading ideas. After all, yous can't expand your remove heed without challenging your mind. What is your daily together with weekly procedure for remove heed expansion? Influenza A virus subtype H5N1 dandy agency to increase your exposure to novel together with dissimilar ideas is to utter with novel together with dissimilar people together with read/listen to dissimilar online offerings. Check out The Enterprising Investor site from CFA together with its bill of fare of resources from dissimilar authors. Check out the podcast links, longform links, together with question links via Abnormal Returns. There are a lot of smart people represented on those sites that tin assist feed your brain.
* Spend every bit much fourth dimension learning from your trading every bit yous truly pass trading - The ratio of do fourth dimension to functioning fourth dimension is a dandy predictor of elite performance, whether with Olympic athletes or chess champions. If yous lose inwards your trading, was it because of getting ideas incorrect or was it because yous traded audio ideas poorly? Either option leads to useful corrective action: looking at novel data that tin assist yous acquire ideas right together with developing trading best practices that assist yous optimally implement your ideas. Experience itself is non a teacher; nosotros larn exclusively past times actively reviewing together with reflecting on experience. If your trading is non instruction yous specific lessons that yous concretely implement, yous are non on a learning bend that tin Pb to elite performance. Influenza A virus subtype H5N1 big business office of the Trading Psychology 2.0 book is devoted to learning from winning every bit good every bit losing performance: that's what uncovers the best practices that Pb to best processes.
* Manage yourself, non only your run a endangerment together with your positions - An insightful trader this calendar week took a difficult await at his recent trading together with came to the decision that he was non trading at his best because he was non keeping himself at his best. What he establish is that he performs at his peak when he is emotionally together with physically conditioning himself for peak performance. That's what creates the intensity of focus that picks upward the side past times side dandy idea; it's also what generates the issue energy needed to remain resilient inwards a drawdown. Do yous convey a game innovation each solar daytime together with calendar week for making the close of your issue energy level, your relationships, together with your dry reason of remove heed together with body? The function nosotros do on ourselves is function that helps us perish improve performers; rattling oftentimes our trading slides when our self management slides.
Notice how those iii best practices combine to do a comprehensive grooming program. It's when nosotros intensively develop for success that nosotros create the life mirrors that assist us internalize confidence together with resilience.
Further Reading: Training For Success
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