What’s more important than your daily routine?
Like the saying — breakfast is the most important meal of the day, true or not, a morning routine sets the tone for the day…
You wake up hit snooze 5 times and roll out foggy, good luck with your trading…
I wouldn’t want to be you on that day.
As with life, our trading is shaped by our habits… for many of us that may sound like a recipe for trading disaster.
The good news is… we can shape habits… so you’re saying there’s a chance?
I know that without healthy and productive habits, I would not have the same success trading that I do today.
Whether you need to create habits for profit or reshape habits hindering your profitability, I have the tools and tactics you’ve been searching for…
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How to shape your habits for better trading
I get it, trust me, we all have bad habits…
That’s just the way it is.
The question is, how can we reshape our bad habits into productive habits?
I won’t lie, it’s not the easiest thing you will ever do… but this is something that has the power to truly change your life…
I know… sounds a little dramatic. But seriously, think about life with healthy habits vs. life without them.
What does it look like? What’s it feel like?
I am certain it isn’t pretty… get up late, stagger out the door, lots of stress eating, and no exercise.
Man… that’s all fine and dandy, but if you want to make money as a trader… you better get your “stuff” together and create habits that won’t hinder your success.
So how? How do you go about creating helpful habits to the point that you will become a better and more profitable trader?
Like I said it’s not the easiest thing… you know, human nature and all… but it is possible…
To form a new habit, you will need a trigger, behavior, and reward…
I’ll walk through how you might form a habit to become a better trader… then you can apply the same principles to create other helpful habits as you see fit.
So let’s say you want to create a habit of reviewing your trades at the end of every day… A great habit to have, I might add.
First we need a trigger. This can be anything from an alarm that goes off 10 minutes after the market closes to the natural sensation of the closing bell, telling you it’s time to review.
Next up… the behavior itself. In this example, we already decided the behavior would be to review our trades.
And last, we need a reward. What will make us crave reviewing our trades enough to fully make a habit of it?
Maybe it’s the last thing you do for the day before a workout, or seeing your kids, or plunging into a hobby you love….
The reward would come from the feeling you have knowing you are done and getting to pivot into something really enjoyable or relaxing.
So let’s put this together… you want to create a habit of reviewing your trades at the end of every day…
You decide to set an alarm that goes off 10 minutes after the closing bell… this triggers a response to start reviewing your trades, which you do…
Once you finish reviewing your trades, you immediately head to the gym… which is a passion of yours… so the feeling of getting to head out to the gym is the reward for your behavior – reviewing your trades.
This creates what’s called a habit loop… trigger, behavior, reward = alarm, review trades, gym
Habits have a way of growing on their own… so if you just start, and start small… you are well on your way.
And one of the best ways to get started is to be a part of a community of like minded individuals…
Traders just like yourself that want to create the right habits to be a success at not only trading, but all areas of life…
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