What's the difference between Traders and Athletes? Not much, other than the physical aspect! Traders and athletes require a certain mentality and focus to get in the trenches every day and earn their keep! During this Coronavirus pandemic, we have a lot of volatility, the Fed is trying to save the market with stimulus added by Trump and Jerome Powell. Making it the perfect time to learn about what kind of mentality it takes to be a successful trader, learn from the athletes. Use good futures trading platforms to take advantage of this like Sierra chart where you can do technical analysis and volume profiles and market profiles to trade price action and order flow.
Sports performance -
- Mental toughness
- setbacks - determine if you come back from setbacks - bounce back like a pro
- Know you have unique ability - edge: discipline, trading plan
- Be motivated to learn - support where you like to go
- Remain focused on your current goal
- Read the price action
- Regain psychological control
- competition & anxieties are inevitable - you can learn to handle
- Don't be affected by other's performance
- Thrive on pressure moments
- Avoid all distractions
- Switch on/ off, and get ready for next day
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