Dec '24 • Market Talk
Resilience in trading
Resilience is one of the most important skills to develop as a trader.
Being resilient means to have the ability to keep focusing on your goals where things don't go as planned. To keep fighting when you are beaten.
We all get into trading slumps. It's normal. And that's where you need resilience.
So how do you build resilience after a bad trading day?
- Go back to work with the attitude that today will be a great day
- Lower size
- Switch your focus for the day to ONLY GET INTO 1 GOOD TRADE
So basically your goal after a bad trading day is to get only into 1 good trade the following day. An A+ Setup, on low size.
So you can get your confidence going again, and as you get back from trading slumps over and over again you then build resilience.
Sounds easy right? It's not. But you can do it
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Resilience in trading
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