{"id":42216,"date":"2015-09-16T10:56:52","date_gmt":"2015-09-16T14:56:52","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=42216"},"modified":"2023-05-24T09:53:15","modified_gmt":"2023-05-24T13:53:15","slug":"30-trading-habits-in-30-days-the-daily-gratitude-exercise","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-the-daily-gratitude-exercise","title":{"rendered":"30 Trading Habits in 30 Days- The Daily Gratitude Exercise"},"content":{"rendered":"

Welcome back to our new series <\/i>30 trading habits in 30 days. \u00a0In this video, I share why we created this series for the trading community and how it can help your trading.<\/p>\n

Today we share habit #5- the daily gratitude exercise.<\/p>\n

One habit to adopt to help us think more constructively as a trader is the daily gratitude exercise. \u00a0It was taught to my firm and me by Dr. Andrew Menaker <\/a>during a talk to our traders.<\/p>\n

Why is it important?<\/p>\n

Each trade is an opportunity to learn.\u00a0 Each trade is a gift from the market for us to improve as a trader.\u00a0 The market teaches us with each trade whether our idea was right or wrong.\u00a0 Whether our execution was good or poor. Whether the setup is one to study or eliminate.\u00a0 Whether we should have traded it bigger or smaller.<\/p>\n

Each trade is not merely an opportunity to profit or lose.\u00a0 Thinking this way is an unhappy path to a short career as trader.<\/p>\n

But there is that big scoreboard on the desktop of every trader, Mr. PnL.\u00a0 How can we avoid judging success or failure on Mr. PnL?\u00a0 I am up $4500 in $BABA and $TRIP.\u00a0 I am smart.\u00a0 I am handsome.\u00a0 I think my hair is growing back.\u00a0 I am down $2500 $FIT.\u00a0 I need to lose weight.\u00a0 I am stupid.<\/p>\n

We can learn a better way to think as a trader.\u00a0 I would argue we must learn a better way to think if we want to sustain as a trader.\u00a0 We can learn to be grateful for each trade and the information the market shares with us each trade.\u00a0 Thus improving trade by trade.<\/p>\n

I practice the gratitude exercise each night.\u00a0 it is a habit.<\/p>\n

Here\u2019s how it works.<\/p>\n

Before bed think of three things for which to be grateful.\u00a0 This is a habit we have adopted in our home.\u00a0 Each night I put my son, Luke, to bed.\u00a0 We have a routine.\u00a0 A portion of this routine is to give thanks for that which we are grateful.<\/p>\n