#gmx

How can you become more self-disciplined in trading?

In the book "Opening the Mind", there is a passage that I think makes sense, so I would like to share it with you.

If you want to become more self-disciplined, you need to tap into and improve your motivation while reducing the resistance you face.

First, develop a vision framework and clarify your goals, that is, clarify your goals.

Second, establish a simple system and then slowly adjust it. Many things are too complicated, so people lose motivation to start. For example, if you want to lose 40 pounds, you think the number is too large, and you don't know how to start, so you keep procrastinating. If you break it down into simple small goals, such as losing two pounds a week, things will become much simpler, and you will find that after 5 months, you can easily achieve your goal.

In addition, learn to iterate and optimize your system. For example, in the process of losing weight, first give up late night snacks, then give up unnecessary social activities, and then exercise for 1 hour every day. Gradually, in the process of iteration, you will find that you have achieved your goal.

The same principle applies to self-discipline and execution in trading. Break things down into small points, correct them slowly, and implement them slowly.