Every trader who wishes to improve his bottom-line results must decide what area most needs attention right now. The trader must start by taking an honest self-assessment of strengths and weaknesses, prioritize the highest impact areas and then focus on changing one behavior at a time. Most ambitious traders (myself included) have at one time tried to tackle too many issues at once, only to not produce the desired change in any of those areas. Change takes time. Just as a golfer hitting a drive or a basketball player shooting free throws has developed a certain “muscle memory” for success by repeated practice, so too have you created a muscle memory for your mindset, both in trading and in all areas of your life. The hardest part of the process is changing that memory from one that hasn’t worked to one that will produce consistent results. But once your mind starts to recognize and get comfortable with these new procedures, maintenance of the change will be much easier.
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