Trading Habits

Habits shape and mould our lives. Everyone has his own habits in daily chores as well as in work and other things we do. What we do every day is what we build on and if the habits we develop are good ones , we will have a solid foundation. Our successes in life or trading are rarely the result of luck. They are more likely to be the result of good trading system and good personal habits , which support success. Trading is all about consistency and practicing good habits will ensure consistency and is the key to success.

On the other hand , our losses and failures are often the result of our bad habits. These negative and sabotaging habits will surface when we are under stress and our bad behaviour becomes automatic. At that point , we will resort to our everyday behaviours or had habits. At the very moment we need to be at our best , we may find that we are guided by the actions that we never think about and would not want to display in public.

Changing simple , bad habits into good habits can be accomplished by using the strategies listed below. Changing complex bad habits can be easy , but usually cannot be done alone. These deeply destructive habits that come with a high price tag are often the result of complex issues in your unconscious. Changing these complex habits usually requires professional help and needs to be tackled before they take you. I personally had seek some professional help before in terms of trading mentorship program and that really worked in changing me to a new person !

Same problem I had was when I learned golfing. You guess what ? I was ” very consistent in my swings ” - consistently making the same problematic swings. That was because I kept practicing and practicing my mistakes. Like what I said before - ” practice makes perfect “. That includes perfecting mistakes as well. Eventually a professional coach corrected me totally. So remember - make it right before you practice ! In trading , make sure you have the right strategy , right habits , right mindset first , then practice to perfect ..

The following are recommended strategies for you to practice daily …

Happy Trading !