Trade Aptitude

Traders can learn from so many great sources that have nothing to do with trading. Whenever I’m reading any topic unrelated to trading my thoughts often drift to how I could apply the same information to trading. 

If you think about it, trading is more psychological than mathematical. That means your ability to improve your results rests more on improving your behavior than your strategy rules. 

Here’s a great example: Charles Darwin said, “It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.”

So true in life and in trading!

Reading this quote, agreeing to it, and then doing nothing to systematically apply this truth to your trading would be a shame. 

Here's a suggestion on how to apply Darwin's observation. My friend and colleague Dr. Woody Johnson, author of Secrets of the Peak Performance Trader, encouraged me years ago to start a “thought journal.” Rather than simply documenting trade results and associated data, you document your thoughts, emotions, and reactions. 

In so doing, you’ll have created a system that allows you to monitor your behavior and start to make changes for the better. That’s how to evolve into a better trader. 

To your trading success,

Mike Siewruk

PS: Feel free to forward this blog to your trading buddies. Share in the wealth!