Info!! Becoming A Summit Performing Trader

Trading is a functioning field, no less than athletics or the performing arts.  What you lot come across inward whatever functioning champaign is a dedication to practise with successful professionals.  Indeed, from chess to Olympic wrestling to Broadway acting, at that topographic point is no functioning champaign I'm aware of where at that topographic point is non a high ratio of fourth dimension spent practicing to fourth dimension spent performing with elite performers.

So the relevant questions become:  How much fourth dimension create you lot pass practicing, too how create you lot construction your practice?  

The fourth dimension you lot pass trading is NOT fourth dimension spent practicing unless you lot convey structured processes for reviewing your trading, systematically identifying what you've done right too wrong, too making efforts at improvement.  As Bob Knight has observed, virtually of us convey the volition to win.  What succeeds is the volition to have to win.

Practice begins with breaking functioning downwardly into factor parts too keeping score with honor to all of those.  The virtually basic components of trading are:

1)  Generating ideas - How you lot define too utilize a genuine border inward markets;

2)  Implementing ideas - How you lot genuinely merchandise the ideas you lot generate, including your sizing, run a hazard management, entries, too exits;

3)  Self management - How you lot maximize your pose down of heed too trunk for optimal decision-making.

Each of these areas tin themselves endure broken downwardly into subcomponents, too then that you're drilling downwardly to the grade of best practices:  what you lot create inward each surface area that is virtually responsible for your success.  Such a listing tin anchor daily/weekly score cards that allow you lot to evaluate yourself inward existent time, position areas for improvement, fix goals, too brand corrective actions.

If you lot are non continuously keeping score too taking concrete activeness on the scores you lot receive, you lot can't endure continuously learning too improving.  Writing inward a mag is a dandy starting fourth dimension step, but ultimately matters piffling if the mag entries don't guide concrete destination setting too efforts at improvement.

It boils downwardly to this:  Are you lot doing things today that you lot volition give thank you lot yourself for later?  Successful traders don't convey a passion for trading--that simply leads to overtrading.  Successful traders convey a passion for self-improvement.  They are motivated to endure to a greater extent than tomorrow than they are today.

Further Reading:  A Psychological Checklist for Traders
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