Hi Traders, in the previous mindset sharing I talked about the simple equation that has helped me to progress faster
"Pain + Reflection = Process"
But you could be thinking "How do i reflect?" OR "I do reflect a lot, but I don't see myself going anywhere."
I believe it all comes down to the way you perform your self-reflection & self-reviewing process.
If you're not digging into the root of problems, you'll never get rid of it.
Let's assume today you've taken 5 trades. Now the market has closed, you're performing your daily reflection.
First thing first, is to write down a list of what you think you've done right, and what you've done wrong.
Maybe your entry was perfect, but you did not manage the trade well, whether you size in too big/ aggressively or you did not manage your exits well.
Be very real to yourself when you're doing your self-reflection, do not try to hide things or blame things just because it makes you feel good.
I've seen quite some numbers of Traders not admitting their own mistakes, trying to put the blame to the market or any external factors.
Being true to yourself is the first step to changes, if you can't even be honest to yourself, there's no way you can improve.
After you've written down the list, now question yourself:
"Is there anything that could be improved?" OR "Is there anything that I could eliminate because they're impeding your overall performance?"
Most of the times, Traders are not achieving consistency mainly because of the ONE mistake that they've been repeating, and it turned into a habit.
After you've performed your self-reflection, make sure you write down your conclusion and make sure you do not repeat the same mistakes again tomorrow.
One step at a time, repeat this process every day.
"Pain + Reflection = Process"
But you could be thinking "How do i reflect?" OR "I do reflect a lot, but I don't see myself going anywhere."
I believe it all comes down to the way you perform your self-reflection & self-reviewing process.
If you're not digging into the root of problems, you'll never get rid of it.
Let's assume today you've taken 5 trades. Now the market has closed, you're performing your daily reflection.
First thing first, is to write down a list of what you think you've done right, and what you've done wrong.
Maybe your entry was perfect, but you did not manage the trade well, whether you size in too big/ aggressively or you did not manage your exits well.
Be very real to yourself when you're doing your self-reflection, do not try to hide things or blame things just because it makes you feel good.
I've seen quite some numbers of Traders not admitting their own mistakes, trying to put the blame to the market or any external factors.
Being true to yourself is the first step to changes, if you can't even be honest to yourself, there's no way you can improve.
After you've written down the list, now question yourself:
"Is there anything that could be improved?" OR "Is there anything that I could eliminate because they're impeding your overall performance?"
Most of the times, Traders are not achieving consistency mainly because of the ONE mistake that they've been repeating, and it turned into a habit.
After you've performed your self-reflection, make sure you write down your conclusion and make sure you do not repeat the same mistakes again tomorrow.
One step at a time, repeat this process every day.
