Six Stoic habits of stock trading
Here’s how you could apply these 6 Stoic habits to stock trading to strengthen your resilience and decision-making in volatile markets;
1. Do the hard thing first
Tidy up your trade journal and do an analytical deep dive of your historical trades. You may refer to below thread about quantifiable adjustment of your statistical trading behavior.
Next, segregate your trades into 'A', 'B' or 'C' rated. You can begin by the first 500 trades of your journal.
If you are already able to segregate your historical trades into these 3 simple categories without much struggle, this itself is a significant stride in your trading setup identification. Next, evaluate the performance of only A-rated trades, as well as A and B-rated trades combined, compared to all your trades (A + B + C).
You will get a better clarity of how to elevate your trading performance with these exercises.
2. Be ruthless to things that don’t matter
Cut out market noise and distractions. Focus on key metrics, trends, and fundamentals that directly impact your strategy. Ask, “Is this data or news essential to my trades and timeline?” Streamline your analysis and stay focused on what drives success.
3. Attack the dawn
Begin each trading day with purpose and clarity. Face the market with a mindset geared for productivity. Remind yourself that you are here to execute your strategy and make calculated decisions—no hesitation, avoidance or FOMO.
4. Strict with yourself, tolerant with others
Hold yourself to a disciplined trading strategy, while understanding and accept that the market can be unpredictable. Control your own actions without letting market fluctuations or emotions dictate your moves.
5. Just do the right thing
Stick to your plan. Even when market conditions are tough—whether you're tired or stressed—make decisions based on sound logic and not fleeting feelings. Trust your data, strategy, and situational awareness in every trade.
6. Stop complaining
Don’t dwell on losses, losing steaks, or unfavorable market conditions. Instead, focus on solutions and improving your strategy. Learn from mistakes and adjust your approach moving forward.
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