Episode 46 - Don't wait for live trading to work on psychology
I don’t know about you. But when I see trading psychology being discussed it is often portrayed as ‘overtrading’ or ‘lack of discipline’ or ‘failure to pull the trigger’ being the issue that needs work on. For me, comparing myself when I was live trading in 2016 to now is just an absolute stark contrast. Then, I made every single psych mistake you could think of. Because I had no plan or idea what I was doing. Now, I have made 0 psych mistakes since I went live after spending 1.5 years learning and backtesting. Does it mean I’ll never make a psych mistake? No. It could happen. Anything is possible. Just because you can drive it doesn’t mean you won’t be in a car crash. But the chances are far less likely if you show up prepared with a system YOU tested and created and have belief in your abilities and the work you’ve done. More emphasis on getting psych right prior to live Trading than working on psychological issues that are the result of people not going about things the right way. Social Media = @naomigslight