Introduction

One of the key factors in achieving success in trading is consistency. But how do you structure your life to help you remain consistent within your trading? In this tutorial, we will explore some strategies to improve consistency in trading.

Setting Long-Term Goals

Many successful traders have been trading for decades. They have developed incredible discipline and consistency over the years. They understand that success in trading is not about being a superhuman with strict diets and intense workouts, but rather about showing up every day and continuously improving themselves.

Importance of Short-Term Actions

In order to achieve consistency in the long term, it is important to focus on what is important on a daily basis. For the speaker, there are three boxes that need to be checked off every day to consider it a successful day.

• Workout: Physical exercise plays a vital role in maintaining clarity of thought and objectivity while trading. Whether it’s participating in jiujitsu or lifting weights, incorporating a workout routine in the morning helps the speaker to think clearly throughout the day.
• Spiritual Connection: The speaker emphasizes the importance of having a bigger purpose beyond trading. For him, it is the desire to be a stay-at-home dad. This bigger goal helps him remain objective and not get caught up in the short-term ups and downs of trading.
• Written Structure: Having a structured schedule is key to consistency. The speaker stresses the importance of writing down the trading schedule, reviewing trades, and setting regular intervals for reflection. This written structure serves as a guide and helps to avoid impulsive decisions.

Benefits of Structure

Implementing a structured approach to trading brings several benefits. First, it helps to maintain consistency by providing an overarching framework that keeps you on track. It prevents impulsive behavior that can lead to emotional trading and potential losses.

Second, a structured schedule allows for regular self-assessment. By reviewing trades, monthly, quarterly, and annually, you can identify patterns and areas for improvement. It provides an opportunity to learn from both successes and failures, leading to continuous growth as a trader.

Lastly, having a written structure holds you accountable. When your trading plan is documented, it becomes a commitment, and it is harder to deviate from it. It serves as a reminder of your long-term goals and helps you stay focused on the bigger picture.

Conclusion

Improving consistency in trading is not an easy task, but it is vital for long-term success. By incorporating regular workouts, connecting with a bigger purpose, and creating a structured schedule, traders can increase their chances of maintaining consistency and achieving their trading goals. Remember, it’s the daily actions that contribute to the long-term success, so make sure to prioritize what’s truly important and stay committed to your trading journey.

Want to see the video?: https://youtu.be/hz1BGomCtVI?si=2Kl9TYqTRYBJR-Zl
Want more from Aaron? Have a look here: Trading Insights: A Deep Dive with Aaron, A Self-Taught Trader