Great piece - that gap between knowing something intellectually and actually behaving in line with it is where most traders get stuck indefinitely. You named it well.
One thing I'd add from painful personal experience: mindset work is downstream of edge. Early on I went deep on psychology while never having demonstrated a positive expectancy - completely dead in the water the whole time. Demonstrate edge first. Then the inner work has something real to operate on.
If the psychological side resonates, Mark Douglas's 5 Truths in Trading in the Zone are worth a look - maps nicely to what you're building here.
Most definitely can not have one without the other in terms of mindset and strategy. Both are required. In my experience, however, refining the strategy and a tactical framework is the easier part - then the mindset challenge is the perpetual work in progress. Thanks for reading!
Thanks for taking time to share your knowledge with the community. It must be a lot of work to get this out.
This one hits hard and speaking of baseball analogy - this is a HOME RUN article!
Quite a bit of points to note down for me and improve upon. I will print it and compare each point to reflect what I am doing right and what wrong.
My favorite was : action is not equal to progress. For me personally, that urge to make money quickly, make quick progress, getting impatient is what I need to work on. It feels like I am put this much time in trading , 1 hour daily Monday to Thursday and 2 hours on weekend, means I need to make money otherwise all this time spent is just waste. Maybe this thinking comes from being a 9 to 5 employee.
Thanks for reading and for the kind words! I do agree that for many the 9-5 mindset puts them in the action = progress dilemma. Trading doesn’t pay by the hour or offer a salary. It only pays you to execute in an environment conducive to your strategy.
Awesome one Matt
This is some collab 🔥🔥😍
Thanks for reading!
Great piece - that gap between knowing something intellectually and actually behaving in line with it is where most traders get stuck indefinitely. You named it well.
One thing I'd add from painful personal experience: mindset work is downstream of edge. Early on I went deep on psychology while never having demonstrated a positive expectancy - completely dead in the water the whole time. Demonstrate edge first. Then the inner work has something real to operate on.
If the psychological side resonates, Mark Douglas's 5 Truths in Trading in the Zone are worth a look - maps nicely to what you're building here.
Most definitely can not have one without the other in terms of mindset and strategy. Both are required. In my experience, however, refining the strategy and a tactical framework is the easier part - then the mindset challenge is the perpetual work in progress. Thanks for reading!
Amen to that - strategy is far easier to construct - the 'mind' is the real challenge.
Great to see some long form writing from you. The edge your looking for is you!
Thanks for reading!
That's an awesome article, Matt and Kyna!
Thanks for taking time to share your knowledge with the community. It must be a lot of work to get this out.
This one hits hard and speaking of baseball analogy - this is a HOME RUN article!
Quite a bit of points to note down for me and improve upon. I will print it and compare each point to reflect what I am doing right and what wrong.
My favorite was : action is not equal to progress. For me personally, that urge to make money quickly, make quick progress, getting impatient is what I need to work on. It feels like I am put this much time in trading , 1 hour daily Monday to Thursday and 2 hours on weekend, means I need to make money otherwise all this time spent is just waste. Maybe this thinking comes from being a 9 to 5 employee.
Thanks for reading and for the kind words! I do agree that for many the 9-5 mindset puts them in the action = progress dilemma. Trading doesn’t pay by the hour or offer a salary. It only pays you to execute in an environment conducive to your strategy.
Very true!
My goal with learning to trade is to learn a different skill from my professional work (software development) and compound my money.
Do you have a discord community Matt?
I have a mentorship service - you can look around at www.tradingequilibrium.com