What Are You *Really* Willing to Do to Succeed At Trading?
A statement I hear from traders all the time is: “I’m willing to do whatever it takes to succeed at trading.”
Are they though? …Really?
In fact, sometimes people tell me: “I’m doing everything I can to succeed at this”.
But their actions don’t reflect that in any way.
For most people, including those who make the claims, it’s simply not the case that they’re going to do whatever it takes. And that’s fine! We all have our own priorities and responsibilities, and when push comes to shove, we might not be ready to sacrifice them.
However, this means we need to be more realistic about our expectations for our progress and results. To help you get a better understanding of this, I want you to take part in a quick exercise that will help you to put things in perspective.
Grab your notepad and let’s get started…
Step 1: The ideal at your stage
Imagine you’re at a professional trading academy, similar to what they have for nurturing talent at world-class sports teams. Every minute of every day is designed by experts to enhance your development. Everything from what you eat to how you sleep is optimised by specialists to help you reach your best levels of performance. No stone is left unturned.
I want you to write a list of all the things you think you’d do if you were in that situation at the same stage you’re at now in your development.
How would you be training? How would you be preparing? What would your schedule look like? What would your nutrition and sleep be like? What behaviours and habits would you have developed? What would your priorities be?
Really go to town on that list. Think about all the things you’d do to progress past the stage you’re at now if time, money and resources were not a factor.
What you should end up with is a list of the ideal and most professional ways to develop at the stage you’re at now (to the best of your knowledge).