Have you ever started one of your trading sessions by jumping into a trade as soon as you open your charts?
I see this from traders all the time. For many, it is these trades that end up being rushed, forced and ultimately being the type of trades they later come to regret.
It’s almost as if they’re making up for lost time between the end of their last trading session and this one. Revenge trading for missed opportunities they weren't even around for.
I think, to a certain extent, we are all guilty of doing this from time to time - or at least we would be, but the thing that stops some people from making it a reoccurring theme are the routines, habits and principles that are firmly in place to help instil better behaviours.
This doesn’t just occur in trading either, it's also a factor in other areas of our lives.
How many times have you rushed a decision in your life that you have later come to regret? Situations you would have avoided if you had taken the time to think things through thoroughly.
Well, it’s the same thing for trading.
By establishing simple routines, habits or principles for all important aspects of our trading we can prepare ourselves mentally and physically, giving us an advantage in key moments.
Don't Over-Complicate It
As humans we have a tendency to over-complicate things. But what happens if you over-complicate a morning routine? It might work well for a few days and feel great, but it will soon become a chore and be difficult to maintain before eventually being discarded.
Instead, keep things simple. Find a few things that nicely slot into your morning routine. Things that don't completely take you in a different direction but just subtly shift your mind, body and resources towards where they need to be to best prepare yourself for a successful day.
Also remember, a good daily routine starts the night before. How you prepare yourself for the next day and the time you go to bed will be important factors.
Of course, if you can maintain the basics, you can add more things over time to make it even better and before long it may be something more complicated if that's what's right for you - but it will be done in a manageable way.
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