{"id":42364,"date":"2015-10-06T09:27:55","date_gmt":"2015-10-06T13:27:55","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=42364"},"modified":"2023-05-24T09:25:47","modified_gmt":"2023-05-24T13:25:47","slug":"30-trading-habits-in-30-days-trades2learn","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/30-trading-habits-in-30-days-trades2learn","title":{"rendered":"30 trading habits in 30 days – Trades2Learn"},"content":{"rendered":"

\"30days8\"<\/p>\n

 <\/p>\n

Welcome back to our new series <\/i>30 trading habits in 30 days.<\/p>\n

Today we share habit #8- Trade2Learn.<\/p>\n

Don\u2019t just journal, keep your trading journal open while <\/i>you are trading.<\/b>\u00a0 How does this help your trading?<\/p>\n

1) It relieves pressure.\u00a0 Instead of fixating on whether a trade will work or not, be obsessed with what you can learn from the trade.\u00a0 Instead of banging the desk after a losing trade, take notes of why the trade failed.\u00a0 Keeping your journal open to take notes, transfers the pressure for the trade to succeed to what notes you can record to learn.<\/p>\n

Trade2Learn!<\/p>\n

2) Notes in real-time are better than notes after the close.\u00a0 You remember better right after a trade as opposed to after the close.\u00a0 Often a small detail can be a key factor in trade success or not.\u00a0 Taking notes right after the trade and in the middle-of-the-trade helps you spot and record these key catalysts.<\/p>\n

3) Keeps you focused on what is most important.\u00a0 One trade.\u00a0 One successful trade.\u00a0 One loss. None of these will make or break your trading career.\u00a0 What will is a hyper-focus on your PnL.<\/p>\n

An anecdote from the trading desk <\/b><\/p>\n

I just had a great chat with a High Performing Trader, who I noticed was despondent after a losing day last week.\u00a0 He even skipped out on a fun firm outing he was so down after one trading session.\u00a0 And this from a trader making north of 50k-a-month.\u00a0 And this from a trader who in two years has elevated his trading game from 10k-a-month to north of 50k-a-month.\u00a0 He is one of the traders who is #winning.<\/p>\n

I reminded him of his phenomenal progress.\u00a0 We discussed him not judging a day or himself based on his PnL.\u00a0 We highlighted specific strategies where he could improve and make more.\u00a0 The focus should be on the progress he can make from these elevated levels of performance so in another two years his numbers exceed six figures a month.<\/p>\n

One way to do this?\u00a0 Keep his journal open and take notes on the strategies he is adding\/improving\/trading bigger.<\/p>\n