TRADERS ACADEMY

2021-11-18 15:08:56 And most importantly, remember to live your lives and do things you love to do outside of trading. Life is for living, not just trading, and by staying healthy and happy you will automatically put yourself in the right mindset to trade/invest according to your rules. Open / Comment

2021-11-18 15:08:31 By being prepared and disciplined you will naturally decrease the stress you experience and protect your emotional capital.
Be calm, follow your rules, and operate from a position of strength by keeping your drawdowns low. Open / Comment

2021-11-18 15:07:29 The peace of mind you will enjoy by doing things you love will translate into improved performance when the morning bell rings Open / Comment

2021-11-18 15:07:17 I would fully encourage every market participant to take up a serious outside hobby that gets them away from your computer. Music, reading, hiking, sports, whatever you enjoy... make sure you take the time each day and week to have fun. Open / Comment

2021-11-18 15:06:31 This not only kept me in some strong positions but also let me enjoy my trip without worrying about the market. Taking a step back from the markets is sometimes the best thing we can do to improve performance. Remember, the goal with trading/investing is to build wealth, not spend your life in front of a screen. Open / Comment

2021-11-18 15:05:45 This year, I took an extended trip across the country visiting national parks and I realized I wouldn’t be able to trade much. Instead of staying fully invested I sold down to core positions and just looked at my positions near the end of the day. Open / Comment

2021-11-18 15:05:01 My worst week in the markets was when I was trying to trade during some very important final exams. I wasn't focused on the markets and took some bad trades just to feel involved. This only compounded my stress and if I had just left my account alone that week my performance in both my classes and in the markets would have benefited. Open / Comment

2021-11-18 15:04:33 This is actually the most important part of the equation. You will not be able to operate at your highest ability when trading if you are sick, stressed, or otherwise distracted. Open / Comment

2021-11-18 15:04:10 Key 5: Take Care of Your Health and Wellbeing Open / Comment

2021-11-18 15:03:58 These guidelines are designed to limit losses and protect your financial capital, but they will also preserve your emotional capital at the same time by keeping your account near all-time highs and limiting drawdowns. Open / Comment