How to Take Your Trading to the Next Level

Photo Credit: Gwenaël Piaser via Compfight cc
Photo Credit: Gwenaël Piaser via Compfight cc
Photo Credit: Gwenaël Piaser via Compfight cc

In a post last week called What Got You Here…, Seth Godin shed some light on how to get to the next level:

When times get confusing, it’s easy to revert to the habits that got you here. More often than not, that’s precisely the wrong approach. The very thing that got you here is the thing that everyone who’s here is doing, and if that’s what it took to get to the next level, no one would be stuck.

Regardless of where you are as a trader or how you define trading success, we all want to improve our results. However, it is very easy to get stuck in a rut of the same old routine. This is perfectly normal. There are lots of us in that rut.

As Seth explains, it took a certain level of effort to get you to where you currently are, but it will likely take a different type of effort to get you to the next level. Don’t be afraid to expand your horizons and experiment with different things.

Once you get a handle on the basics of your strategy, trading becomes a mental challenge. You might find that something like yoga or meditation does more to improve your focus than reading another trading book filled with Livermore quotes ever could.

Considering doing something different can be intimidating. It’s scary to step out from the crowd and do something different. It’s also scary to leave the comfortable place that you already know and venture out into a new place that you’ve never visited before. While you won’t know exactly where to go or what to do, at least you won’t be stuck anymore.