Stick to what’s comfortable, perfect what you know.
There is a lot of value and power in the title of this blog, “Stick to what’s comfortable”. I say that because that’s where your true “edge” resides. I’ve said to many traders that I’ve coached and mentored over the years that
“It’s important to understand who you are as a person BEFORE you can figure out who you are as a Trader”.
It’s in that level of understanding where your “trader self” exists. What I mean is once you understand your personal attributes, the stuff that makes you tick, you can then manufacture a way to apply those attributes to trading. For example, I am impatient. I want things done ASAP and I want to see results right away. Whats more, is I’m not huge of un-calculated risk. Those attributes have lead me to becoming a day trader.
Once I got honest with myself about my personal attributes, I found it easier to design a strategy that was comfortable and worked for me, rather than against me.
We all know that the financial markets are layered and intricate. There are hundreds if not thousands of ways to rip a few bucks out of the markets. With that said we as traders have the ability to custom make a strategy that fits our personalities. Once we find what’s comfortable, we can then move on to the next stage in the strategy building process which is” perfect what you know”. This is arguably the most important stage. The stage in which mastery can be achieved if the proper amount of dedication is appli