Similarities of Diets and Trading
Ask anyone how they lost weight and you’ll get a dozen different answers.
“Keto worked for me, steak eggs and cheese baby!”
“Calorie counting is the only way, it’s simple science don’t you know!”
“One meal a day, warrior style. It’s what our ancestors did!”
“Intermittent fasting allows you to eat what you want. Easy peasy!”
The simple truth is that they all work…
Just like trading, any one approach applied correctly, consistency without deviation, will work.
But just like in weight loss, the trouble human beings have is sticking to the dam rules!
One or two broken rules won’t ruin the process – but one or two per day will.
Trading is no different.
- Create a plan
- Stick to the plan
- See results
It’s not that tough on paper, but it is in the real world.
Our brains are stubborn little b%stards at times!
Ok, so maybe the first plan doesn’t work for you. That’s ok, no need to give up. Pivot, try something different.
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The goal is the same. How you get there is irrelevant.
If you’re losing weight, calorie counting might just be too much of a hassle and you can’t stick to it. That doesn’t mean a simple one-meal-a-day or keto approach won’t work. But you can’t mix them…
Anyone who’s done a Keto diet knows the whole thing is thrown out if you decide to gobble down a pizza! If you flip-flop between plans you’ll do more harm than good.
Same in trading, if that scalp becomes a swing trade, or your focus on one market gets diluted, you’ll do more harm than good.
Decide on a plan and stay focused.
Today, think about your 1, 3, 6, and 12-month trading business plan.
- What are you working on right now?
- What’s your approach?
- When will you audit the results?
- What changes will you implement and when?
This longer-term thinking will change your trading for the better.