Refocusing and Refreshing Your Mindset for a New Trading Year
Coming back to work after the festive season, I hope you all had a great holiday and are well-rested.
It is important to take advantage of this fresh mindset to really focus on your trading and to really get to know the strategies. Being well-rested with a fresh mindset now is the best time to build momentum for the rest of the year.
An important thing to implement is to be mindful of your emotions and make use of a trading diary. This is a really effective tool to use as you can track your trades and see how your emotions play a role in effective trading. Do not disregard your emotions and the importance that they play during trading.
As we are getting back into the swing of things ask yourself, have you set realistic goals? Goal setting is such an important exercise at times like this as it really helps to keep you focused. Set goals for this year with trading but do not let it add extra pressure on your trading as this can be a downfall.
Trust the strategies and trust yourself. You have the power to become a successful trader, only you can do it for yourself and the best way you can do that is to know what you want, know how you are going to get it, and stay focused until you achieve it.
Stay patient, stay positive and trust the strategies.
Ryan Mowatt, Trading Performance Coach.