Boss Trading—Redefine Your Trading

View Original

How you deal with the trading grind. Even when you feel it short-changes you

Heard it before?
"came for the money,
stayed for the grind"

First hours of trading week
are an ode to the saying

See?
The chart below shows the entries and exits

  • flat at every exit

  • no adding to trades

  • "missing out" on a fair piece of the move

  • only grinding out small pocket change moves


You know
Harry Hindsight will tell you
"should've added to your position along the way
and only exit all positions at the final exit"

But Harry doesn't know
regardless of WHERE price goes
it's HOW price moves - the role of process
that decides how you interact with the market


The best way you stick to process
even when you feel it's short-changing you?

Don't
opt for a bunch of reminders and rules
on post-it notes stuck to your monitors

Do
remind yourself
each day you trade to sustain a long-term trading business

What do you need to sustain a trading business?

  • a catalogue of playbook trades

  • and a body of work repeating them

  • so you know deeply

  • your process not only pays you

  • but also protects you

  • over meaningful sample size of trades

Related tutorial

==> What does it mean your trade takes not heat? And why care?

Like what you’ve learned?

Check out the new trading curriculum