Friday 26th July: Overcoming Trading Challenges: A Personal Reflection

Published on 26 July 2024 at 17:18

I once believed that my psychological approach to trading was solidified at a professional standard, and that the difficult trading days were a thing of the past. However, recent events have proven otherwise. Despite this week not being disastrous, it could have been significantly better had I adhered to my established trading principles.

Although the week ended profitably, I failed to follow my strategy rules consistently and maintain strict discipline. Today, my emotions got the best of me. I found myself constantly checking my trades and deviating from my plan by closing positions manually. This behavior contradicts everything I've learned recently,

which emphasizes the importance of allowing the market to unfold and accepting the outcome, provided the trades are executed according to my rules.

To progress and improve, I recognize the need to avoid trading in high-stress environments. Instead, I should focus on maintaining a clear and calm mind in all situations. To achieve this, I plan to increase my endurance in ice baths to build discipline, enabling me to remain composed when the market becomes tense. Additionally, I intend to deepen my meditation practice to enhance my focus and maintain a state of calm more consistently.

By implementing these strategies, I aim to strengthen my mental resilience and improve my trading performance in the long term.

Add comment

Comments

There are no comments yet.