the vision that, in cultivating our trading, we develop ourselves in ways that ripple throughout our lives.
I’ve often thought of making trading a tool for self improvement and kaizen. But too often I’ve focused on the negative. You need to get better at this shitty habit, or this crappy thing you do wrong in trading all the time. This is the first lesson of many in this book that focuses on working on your strengths instead of your weaknesses.
Set a positive goal, based on strengths, to keep you in touch with the best within you.
Sure you can’t ignore or avoid the things you do wrong, but I seem to have a particular disposition for negative self talk. I think I’m very positive in my speech to others especially those looking to improve. But in dealing with myself all trading day I’m saying stuff like, “Shitty entry dumbass, you should have waited.” Instead of telling myself, “Ok you might have been a little early, but you have good size in this trade, be patient and add to a winner, or cut for a small loss. You were smart and went in small as a feeler.”
Trading goals should reflect trading strengths.
Today my goal is to focus on what I do well, finding solid risk to reward setups, and smart scaling in. Then I’ll work on my biggest flaw, scaling into a winner and holding for bigger rewards.