[Make it painful to not follow your trading plan] Here’s the thing: Just because you have a trading plan doesn’t mean you won’t have itchy fingers. Because you might lack the discipline to follow your trading plan even though it’s good for you. (Kind of like how you don’t eat enough vegetables even though you know it’s good for you.) The solution? Be accountable to someone. It could be your spouse, a friend, or someone you trust. Let them know whenever you deviate from your trading plan, you’ll be penalized. The penalty could be something like: — $50 donation to your favourite charity — Wash the toilets for a week — Do 100 push-ups You want to make sure the pain of not following your trading plan is greater than following it. This way, the mind gravitates toward the least amount of pain which is to follow your trading plan. This means your actions become consistent and you get consistent results. 14.1K views01:00
