From Trying to Doing in Trading

In the book “The Power of Discipline” by Daniel Walter one chapter explores the notion that well-meaning parents tell children that as long as they “tried their best”, the end result doesn’t matter.

And it makes sense right?

If you’re a parent you just want your child to try hard.

Do the best they can.

And perhaps that’s the right thing for kids to hear…

But adult traders, trying to achieve something meaningful?

Maybe we need more than just ‘your best’.

Trying your best might sound good on paper, but is that giving you a noble ‘out’ in your mind if it doesn’t work?

In the book, the author suggests reframing that.

“From this day forward, you are not going to TRY, you are going to DO.”

Be decisive and have courage in everything you say and do.

This applies particularly well in trading.

• “I’ll try my best to stick to my plan”
• “I’ll try my best to wait for the right trade”

C’mon…

Commit properly. Become a DOER.

Trust in your abilities, but at the same time set realistic goals.

You know what needs to be done to get where you want to get to.

Make a plan of action, and then do it.

You might think that trying your best is all you can ask.

But I bet there’s something in your life you just had to do.

Your best didn’t come into it. It was happening, you were going to find a way no matter what.

And THAT is what we need to harness in this business…

Here’s the book I mentioned on Amazon if you’re interested.