Monday, August 08, 2016

Why You Should Study the Hell Out of Yourself as a Trader

What if you knew that, at times, you were a great trader?

What if you knew that, at other times, you were a really poor trader?

If you truly knew those things, there would be one overriding priority:  to figure out what you were doing when you were great and what you were doing when you were poor.  In other words, you would study the hell out of yourself.  You would collect as much information about your trades and your trading as possible to figure out what made you tick.

You wouldn't try to be a different trader.  You wouldn't try to be like anyone else.  You would try to become more consistent with your great trading and more aware of your poor trading.

You would break your good trading down into components and see what you're doing when you're trading successfully and unsuccessfully.

You would break your personal life down into components and see what you're doing when you're most and least successful.

In short, you would try to become more of the trader you already are when you trade greatly.  

Here's a self-coaching exercise to get you started with your study of yourself:

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