Process. Process. Process.

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Trading, like most of the things in life, is the game of probability. No matter how good you are you have to see losses and sometimes a scary streak of it. Champion knows this fundamental truth about trading and is unperturbed by such occasions. He does not abandon the process to look for the holy grail, the perfect one where you do not make any loss. It is like a kid searching for unicorn and every time he sees a nice horse he rejects him for the possibility of finding a unicorn to ride.

If you keep abandoning the process every now and then for the perfect process then your search will continue for life paid with time, efforts and money.

Only worse thing than switching process to find the perfect one in trading is switching while the trades are still in place. This is not to discourage the review of the trades that you took and some of which might have gone wrong. That must be done to make things better. Feedback and iteration are integral part of making things better.

Most people are focused on capital only and they are not wrong if only they started thinking about mental capital too along with financial capital. No matter how much money you have to trade if your mind is not acting right you are going to lose it all.

Mental capital before financial capital should be your focus. Not easy to fix it but with practice you get better. #HappyMarket

Disclaimer: Posts on the platforms of BN are our perspective on the market. These are purely meant for learning purposes. The perspective provided should not be construed as investment advice or solicitation to trade. We may have positions in the stock mentioned. You agree to make no trade relying on the above contained information fully or partly. By using the content, you agree to these T&Cs.

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