A couple new articles from Brett Steenbarger's TraderFeed Blog:
Turning Your Defeats Into Your Development
One of the interesting commonalities among the Market Wizards interviewed by Jack Schwager is that many suffered blow ups early in their careers. Those implosions turned into important lessons that shaped their future success. Their success came, not just from winning, but from turning the downs in their trading into ups. Without the failures, they would not have achieved their successes.
I find this is true in relationships as well…
Keep reading "Turning Your Defeats Into Your Development" here >
The Personal Side of Trading Performance
A worthwhile exercise for your trading journal:
Track physical variables, including sleep (quality and amount); exercise (amount and type); eating/drinking (amount and type); and overall energy level.
Track your daily productivity (amount of work you get done; quality of the work you get done); quality of your idea generation (how well you're seeing markets and generating trade ideas); quality of your trading (making right decisions at the right time); and quality of your learning from your trading (journaling, work on yourself). Keep reading >
Further Reading:
Process-Driven Trading: Trading With Quality
Five Features of Great Traders
