Happy trading,
Lance Beggs
Similar Posts
My Go-To Method for Solving Trading Problems – Part Two
Part One is here if you missed it – https://yourtradingcoach.com/trading-business/my-go-to-method-for-solving-trading-problems/ In that article I presented a three question framework which I use to seek solutions to any of my trading problems. Can I avoid the problem? Can I reduce the frequency? Can I reduce the consequences? Or in simpler English: Is there something I can…
Thoughts Leading into the New Year
My performance last year… NO LONGER MATTERS. WHAT MATTERS… IS WHAT I DO RIGHT NOW! I am scheduling time during my Christmas and New Year break for three major areas of focus: 1. REST I don't yet know the challenges that I'll face in the new year, but I know that I will be…
Trading Journal – What is the Minimum Data You MUST Record?
NB. You can check out the Trading Journal I use at this site here. Please note though… this video was made in 2009. The spreadsheet has advanced quite significantly since the version seen on this video. Happy Trading, Lance Beggs
Seeing the Market in New Ways
An amateur and a professional trader can look at the same price charts and see completely different things. The difference is not as simple as the professional having a better strategy, but rather that they have superior mental models and belief systems. They see the market in ways that the new trader cannot yet comprehend….
Do You Need A Better Belief System
"The words we attach to our experience become our experience." … Anthony Robbins The following are extracts taken from email Q&A with traders (taken at random from my email archives). I love trading and keep on working hard, striving to become a better trader each day. I am constantly working on my weaknesses…
Employing a Self-Distancing Strategy to Improve Journaling and Review
Close your eyes and imagine a really bad trading session. You might have a recent example you can use. Or if not, just make one up. The details don't matter. They'll vary for each of us. Just make it bad. Maybe this: "I drag myself into the office and throw my bag on the floor….
hi lance , what do you mean by life outside of trading
thx
Life outside of trading refers things such as:
– Being physically, emotionally, mentally and spiritually healthy
– Being financially secure (sufficient income to cover expenses)
– Having supporting and loving relationships
– Having time for trading and the other things you love
– Having interests outside of trading
etc.
From some email Q&A with another reader, in relation to the idea of winning with the “pre-session routines” and “post-session routines”:
Q. What do I need to focus on for the pre market open?
Q. What should I focus on in the post market?
The intent of the article was to have people work towards:
(a) Ensuring consistency in performance of both routines.
This will require that (i) both routines are documented so that standard process is followed each day, (ii) life and family routines allow time for completion of the pre and post-session routines, and (iii) motivation is maintained to ensure they’re completed.
Essentially, it needs to become a daily habit.
(b) Ensuring that the pre-session routine is effective in having you fully prepared for the session.
This will evolve over time as you gain expertise and identify deficiencies or strengths within our routines and your trading processes. Trial and error! 🙂
But the aim is that you approach the session ready from both a technical perspective (platform set up, all pre-session analysis complete) and a personal perspective (focused and ready physically, emotionally, mentally and spiritually).
(c) Ensuring that the post-session routine is effective in driving further growth and development.
Again this will evolve through a process of trial and error, until you find something that works well for you. YTC Price Action Trader provided my routines as at the time of publication. Use them as a starting point, if your own routines are not yet clearly defined.
The aim is a process which continues to bridge that gap between where you are, and where you want to be.
Lance,
Your map for trading success goes beyond trading and is a formula for any endeavor one wishes to take on. In fact, the map is a guide for living one’s life.
Really wonderful work Lance. I’ve been following you for years, I think from the beginning. You’re a class act!
Thanks Lauren,
Much appreciated! 🙂
All the best,
Lance
Lance,
Appreciate this post and it has been something I started working towards in the last 3 months (based on your earlier advice). I have quit my high stress, long hours and long commute job for a laid back and work/life balance job. The difference has been day and night in terms of the energy and time I have now.
I have started using this time to work on my health and now that I am getting my life in order, I am starting to read your material and hopefully carry this momentum into my trading.
Farhan,
That is absolutely fantastic news. Congratulations on taking decisive and courageous action to put your life in good order. I hope the longer-term benefits of a healthier mind and body continue to extend throughout all other aspects of your life… including your trading career.
All the best,
Lance.
PS. You’ve made my day!!! 🙂