Understanding this one trading truth can transform your trading forever.
We are an instant gratification society. A 24 hour news cycle, same day delivery, internet searches for any question. Sometimes we forget that not everything can be done with a click.
A key to great trading is to constantly be learning. Using the resources we have at our fingertips to not just solve the problem we are facing right now but to prepare ourselves to recognize the next opportunity can be a game changer.
The most important thing to remember is that we are going to make mistakes when we trade. We are human. The objective is to do all we can to reduce the mistakes and not make the same mistakes over and over.
It is always a good idea to keep a trading journal. It can be informal, even just a couple of cryptic lines about what you learned that day. Then go back and review it occasionally. If you haven’t done this before you will be surprised how easy it is to forget what you have learned. You will also see your trading evolve and having some type of record will help you make sure that evolution is intentional and not haphazard.
Reading, watching videos, newsletters. Take advantage of all of the info we share at www.tradewinsdaily.com. Dedicate a portion of your time to learning. It is completely okay to relearn what you already know. That is a great way to validate what you are doing is right. You would be surprised how often a lucky trade can create bad habit. When you have a great, lucrative trade that happened in spite of your process, you can mistakenly believe your process is perfect and overlook vulnerabilities that can end up costing a lot of money.
Hopefully this make my signoff everyday make more sense.
Keep learning and trade wisely,
Market Wealth Daily