Trader Mindset The 3 Things Traders Need for Long Term Success
Sep 22, 2017
Maintaining a healthy mind and body is crucial for trading success. Just like a marathon, long-term trading requires stamina and balance. Sleep, diet, and mental health play significant roles in achieving resilience. Don’t hesitate to take a mental health day to recharge. It’s all about nurturing yourself to thrive in the demanding world of trading.
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Prioritize Physical and Mental Health
- Take care of your physical and mental health to achieve high performance in trading.
- Avoid burnout by maintaining good habits and stamina for the long-term trading journey.
Endure Backtesting Frustration
- Michael Martin recalls spending hours backtesting strategies without satisfactory results.
- He emphasizes enduring the frustration as part of the trading grind and process improvement.
Eat Brain Food, Cook Meals
- Eat brain food by avoiding unnecessary carbs and limiting sweets to once a week.
- Cook your own meals to maintain energy and avoid food comas from restaurant food.