Your Bad Habits
Swap Out Bad Trading Habits with Smarter Actions
Breaking the habit
Bad Habits by Ed Sheeran has 1.4 billion plays on Spotify. Amazing. That’s almost as much as the Instagram traders will duffle bags of cash on their desk make in a day…
Moving on… you didn’t come here for my bad jokes!
Bad habits are super hard to break. It all sounds easy in theory, just do this, don’t do this. But when it’s something you’ve been doing for a long time, that neural pathway is like well-used motorway.
Today, instead of saying you will or won’t do something, try replacing the unwanted habit with something else.
Eg: You get the urge to trade something outside of your trading plan, read 3 pages of a trading book instead.
You are desperate to close that winning trade early. Don’t sit there and have an internal battle, go outside. It’s a slightly different way of framing things and might just help you rewire your mind.
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Looking for the ‘bible’ when it comes to habit rewiring?
Check out Atomic Habits by James Clear. The ultimate habits guru!