Bridging the Gap Between Knowledge and Performance
But what does discipline mean to you? Not breaking rules? Trading like a robot?!
Discipline brings results in all areas of life and trading is no different. Want to get in shape? Eat the right foods in the right quantities and exercise more. Need to quit the drink or cigarettes? Constantly battling with that urge is the only way to break free from the habit.
Do what you know needs to be done…
1. Stick to your rules
2. Put in the extra work
3. Don’t give into weakness and emotions in the trading day
Discipline in trading can bridge the gap between market knowledge and performance.
You know what needs to be done, you just aren’t doing it!
Today think about one thing you can focus on to improve your discipline. Identify that ‘thing’ that if you gave it 100% effort and fixed it, would literally change your trading results overnight.
Once you’ve got it, work on it relentlessly until you’ve cracked it.
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Mastering Trading Psychology
Dr. Steenbarger shares how to break bad trading habits and introduce new best practices, the importance of adaptability in the markets, and how to think about goal setting and measuring progress. He also discussed actionable insights and practical advice on how to enhance your performance as a trader.