I felt it was a good moment to start thinking regarding practices now that we are near the beginning of the first half of the year.
Did you create the habits you promised you would want at the beginning of the year efficiently?
If not, here are a couple of recommendations that might help you come closer to achieving:
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It is not enough to promise 'good eating' or 'reduced spending on Online ordering.'
How many calories are your present diet going to reduce? How frequently times a week are you going to prepare home-cook food rather than order food? How lengthy will these adjustments be implemented before your implementation plans are examined?
Traders will need specific guidelines to develop new practices.
You may target specific targets, like taking profits if your returns reach 30 percent or not monitoring your social media between trading hours, rather than just becoming more diligent.
Keep it Simple:
If it is "simple" for you to do it, you will most likely remain in a habit.
Are you attempting to prevent meme stockpiles? Eliminate your watchlists from them. Would you like your trading diaries to be more coherent? Initiate the baseline statistics and include more information only if your inputs are more reliable.
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You will want to emphasize clarity while creating new habits while you seek to improve your implementation.
Put Up Reward Systems:
You will be better encouraged to continue doing this if you receive incentives each time you implement your new rule. You will ultimately have enough repetition to make it into practice.
Your incentives don't have to be extraordinary. It might be as basic as having more cash for your "diamond hands" or even a half-hour longer gaming limit. Try whatever works for you!
Work on One by One:
Certainly, it would be fantastic to develop TEN's new trading practices and, in two months, become a diligent and regularly lucrative dealer.
But remember, our discipline and determination, like our limbs, are limited. A constant trade norm is preferable to five new habits every time you feel like it.
That's not an effortless task to build new habits. If you're going to develop a profitable trader, you have to create crucial practices which will assist in maintaining your expertise and enhance trading processes.
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