The Trading Coach Podcast 1153 - Quality of Trade Rankings - Become The Disciplined Trader
Apr 24, 2025
Discover how traders can enhance discipline by prioritizing the process of good trading over immediate results. The podcast cleverly parallels trading with Major League Soccer's new Quality of Play Rankings, urging listeners to evaluate and improve their trading skills similarly. It also dives into the importance of emotional intelligence, providing practical strategies to manage feelings while navigating trades. Embrace a process-driven mindset to achieve consistent long-term success in both sports and trading!
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Youth Soccer Coaching Contrast
- In American youth soccer, coaches often pick the biggest, fastest kids who dominate temporarily.
- My own kids' European coaches focus on playing the right way rather than just winning games.
Quality of Play Spurs Development
- MLS developed Quality of Play Rankings focusing on how players execute tactics, not just wins or losses.
- This encourages long-term development over short-term results, similar to process-focused trading.
Focus On Process Over Outcome
- Be process-driven and focus on consistently doing the right trading actions regardless of outcome.
- Good trades follow your rules even if they lose; focus on the process over immediate results.