Trader Mindset The Quest For Perfection
Sep 1, 2023
Explore the power of incremental growth in trading and personal development. Discover how small, consistent improvements can lead to big gains over time. Learn about the emotional challenges traders face, and the importance of discipline and mindfulness in making effective decisions. This insightful discussion highlights the path to mastery through patience and persistence.
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Progress Trumps Perfection
- Focus on making progress, not achieving perfection instantly.
- Aim to improve by even a small percentage daily to build momentum over time.
Think Percentages Over Dollars
- Think about account growth in percentages instead of dollar amounts to stay objective.
- Aim to improve your account by about half a percent daily for meaningful long-term gains.
Manage Risk by Percentage
- Risk a fixed small percentage of your capital per trade, like a quarter or half a percent.
- This approach prevents being emotionally attached to any single trade and encourages consistency.