20-Day Trading Reboot
Everything You Need to Refresh and Reboot Your Trading
The Ultimate Goal
The essence of this 20-day challenge is threefold:
- Reboot your trading approach.
- Systematically break down the journey into actionable daily tasks.
- Generate momentum that propels you forward.
By the end of this period, you should not only have a well-structured plan but also a renewed confidence in your strategy. This process aims to provide clarity in your trading method, a clear vision of your objectives, a user-friendly roadmap, and the building of strong, beneficial habits.
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Tailored Tasks for Every Trader
Whether you’re a new trader, an intermediate trader, or a seasoned pro, there’s something in this challenge for everyone:
- New Traders: Lay down a strong foundation with essential building blocks.
- Developing Traders: Turn over a new leaf, capitalizing on the screen time you’ve already invested.
- Experienced Traders: Think of this as a system reboot, an opportunity to refine and elevate your strategy.
Each day, you’ll be presented with a task. These tasks, which range from writing and learning to thinking and analyzing, are designed to be completed in sequence. So, it’s crucial not to skip any.
A Glimpse into the Daily Tasks
Day One focuses on setting your goals. Understand why you’re trading and set clear benchmarks for the long-term, 3 years, 1 year, and even 3 months.
Day Two is all about visualization. Picture the trader you aspire to become, from their demeanor to their trading environment.
Day Three delves into the tools of the trade. Assess your office setup, the services you subscribe to, the hardware you use, and even the books you read.
Day Four is about understanding the markets, the timeframes, and the risks associated with each trade.
Day Five introduces you to various trading methodologies, while Day Six helps you define and plan around each strategy.
Day Seven is about building a library of trade setups, and Day Eight emphasizes the importance of pre and post-trade habits.
By Day Nine, you’ll be seeking out a trading buddy, someone who can provide feedback, support, and camaraderie.
Day Ten encourages you to explore new strategies, always with an open mind and a curious heart.
Remember, each day you’ll also be reading from a trading book, jotting down your goals, visualizing your progress, marking up your charts, recording your insights, and tracking your discipline.
This 20-day challenge serves as a roadmap to guide you, regardless of your experience level. Embrace the journey, stay committed, and take your trading to the next level.