Lazy Trading Routines Take You MORE Time (More Success = Less Work)

There’s an inverse relationship in the markets between hard work and success.

Of course, trading is hard work and it takes a lot of time and effort to learn in the first place. There’s no denying that. But once you know what you’re doing, you actually end up working less when things are going well.

Think about it.

When you’re risking money in the markets and your trades are going according to your plan, there isn’t much you need to do. You check your plan, execute at your decision points when needed and spend the rest of the time being patient.

When things aren’t going well because you haven’t planned ahead, you have to spend more time and effort under pressure to figure out what’s going on, why things are failing and how you can rectify the situation.

That’s a stressful situation. There’s nothing more mentally draining than having to go through all the mental gymnastics it takes to decide whether you should scale out of a trade when you’re trading off-piste.

This is where a lot of traders get things wrong.