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Being a profitable trader does not always mean do more, often you need to do less. I expect that many traders will end up losing their accounts and all that had to be done was to postpone trading until later.
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SCAMPER method try in your strategy! when you made a mistakes 1.S (Substitute) - replace. What elements or tools can be replaced to create a new solution? 2.C (Combine) - combine. What ideas or elements can be combined? 3.A (Adapt) - adapt. What ideas or solutions can be adapted from other fields or contexts? Can existing solutions be applied to new problems? 4.M (Modify) - modify. What elements or ideas can be changed or modified to create a new solution? Can the size, shape, color or function be changed? 5.P (Put to another use) - apply differently. What other uses can be found for existing ideas or products? Can they be used in a different context or for a different purpose? 6.E (Eliminate) - remove. What elements or ideas can be removed or eliminated to create a new solution? 7.R (Reverse) - invert. What elements or ideas can be flipped around to create a new solution? Can the order, direction or function be changed? #Trading
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In the era of social networks, it is very easy to fall into procrastination and sometimes even into depression! Looking left and right, you see PNL, the beautiful life of traders and involuntarily begin to compare your trading results with what the social media feed algorithm shows you! Comparing and calculating other people's payments, you set certain expectations for your work. Often without taking into account their own capabilities and realities in general. For example, you saw that a trader closed the month with a profit of 10-15 thousand dollars, for you it is perceived as the logical end of the month, and when you see that you are closing this month with a profit of 300-500 dollars, it starts to seem to you that you are doing something wrong ! Although this corresponds to your realities at the moment and may in general be your first profitable month after months of backtests and negative quarters, you, comparing yourself to another trader, remain dissatisfied with your work, although you should give yourself credit because you closed the month in that small percentage profitable traders in the world! You begin to belittle your own actions, results, strategy, this will lead to emotional decisions with the aim of increasing your own profit. That is, it will tempt you to open additional positions of dubious quality with increased risk, this is just an exemplary example of focus on "output". I think you know what such emotional actions will lead to! It seems to people that the trader who publishes money, profitable PNL, probably knows some secret! And the one who does not shows his results is considered a loser! But, there are a lot of traders who may absolutely not be active in social networks, but they are stable both in trades and in their payouts! Therefore, this industry become now "fake it till you make it" . Do not compare yourself with anyone! Maybe the result you have now is exactly what you could only dream of two years ago! Trust the process #TradingTips
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