Chat With Traders 208: Brannigan Barrett – Adopting Systems to Improve Decision Making and Trade Results
Dec 10, 2020
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Episode notes
Value of Practical Patience
- Patience, consistency, and momentum build better traders through practical application, not just knowledge.
- Creating personal rules to trade markets emphasizes executing within a chosen framework for better performance.
Practice Patience Through Process
- To practice patience, adopt trading processes that teach the benefits of waiting rather than reacting hastily.
- Identify your impatience traits and mitigate them with rules that delay action until clear signals emerge.
Systematizing Trade Decisions
- Systematizing decision making filters vast data to focus on critical trade signals objectively.
- Comparing actual versus planned trade decisions daily improves both trader and system performance over time.