{"id":39666,"date":"2015-01-10T17:48:26","date_gmt":"2015-01-10T22:48:26","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=39666"},"modified":"2023-06-08T10:43:22","modified_gmt":"2023-06-08T14:43:22","slug":"we-overestimate-what-we-can-do-in-a-day-and-under-estimate-what-we-can-do-in-a-lifetime","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/we-overestimate-what-we-can-do-in-a-day-and-under-estimate-what-we-can-do-in-a-lifetime","title":{"rendered":"Unlocking Your Full Potential: Overestimating Daily Output, Underestimating Lifetime Achievement"},"content":{"rendered":"<p><strong>\u201cWe Overestimate What We Can Do in a Day and Under Estimate What We Can Do in a Lifetime\u201d \u2013 Tony Robbins<\/strong><\/p>\n<p><a href=\"http:\/\/www.lockeinyoursuccess.com\/wp-content\/uploads\/2015\/01\/ID-100281589.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-3697\" src=\"http:\/\/www.lockeinyoursuccess.com\/wp-content\/uploads\/2015\/01\/ID-100281589-300x225.jpg\" alt=\"Image courtesy of Stuart Miles at FreeDigitalPhotos.net\" width=\"300\" height=\"225\" \/><\/a><\/p>\n<p>I commonly hear from traders who come into this business expecting to buy some program, spend a few months back testing, and become a professional trader. It doesn\u2019t happen that way.<\/p>\n<p>If we look at a coach potato who has a grand vision of becoming a marathon runner, he can\u2019t buy a program, jog around the block a few times and run competitively in a marathon. That approach is unrealistic. What he needs to do is get out there and run. However, he can\u2019t run 20 miles his first day either because if he does, he won\u2019t be able to walk for two weeks.<\/p>\n<p>What he needs to do is start running a very small amount and practice every day, gradually increasing his fitness level until he can run a marathon. Yes, this may take years, but that\u2019s the only way it\u2019s going to happen. In order for a person to train for a marathon he has to run consistently, but he cannot run excessively. Otherwise, he will injure himself and set back his progress.<\/p>\n<p>Trading is the same way. You cannot expect to buy some program, do some back testing, place a few trades, and become a consistently profitable trader. It doesn\u2019t work that way. Nor can you back test 40 years in 1 day and trade huge positions successfully. If you do that, you\u2019re setting yourself up for financial and mental damage.<\/p>\n<p>The reality is that it takes a lot of skills and mental muscle to successfully trade large positions. Skill and mental muscle must be developed gradually through consistent daily back trading and by live trading with small positions. This process may take years, but that\u2019s the only way it\u2019s going to happen.<\/p>\n<p>You can be incredible trader, but only if you\u2019re willing to put in the time and effort to consistently practice every day and trade at a level that is appropriate for your net worth and skill level.<\/p>\n<p>For more information on becoming an awesome trader visit <a href=\"http:\/\/www.lockeinyoursuccess.com\">www.lockeinyoursuccess.com<\/a><\/p>\n<p>John Locke<em><br \/>\n<\/em><\/p>\n<p>No relevant positions<\/p>\n<p><a href=\"http:\/\/www.cboe.com\/resources\/intro.aspx\">Risk Disclaimer<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cWe Overestimate What We Can Do in a Day and Under Estimate What We Can Do in a Lifetime\u201d \u2013 Tony Robbins I commonly hear from traders who come into this business expecting to buy some program, spend a few months back testing, and become a professional trader. It doesn\u2019t happen that way. If we look at a coach potato &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/we-overestimate-what-we-can-do-in-a-day-and-under-estimate-what-we-can-do-in-a-lifetime\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":1040,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3926,455,15],"tags":[425,4257,4258,4256],"class_list":["post-39666","post","type-post","status-publish","format-standard","hentry","category-john-locke-3","category-trading_psychology","category-trading_theory","tag-day","tag-estimate","tag-lifetime","tag-overestimate","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lifetime Accomplishments: Overestimating Daily | SMB Training<\/title>\n<meta name=\"description\" content=\"Discover how to set realistic goals for success in trading and 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