Each one of us is born with special unique abilities and we are naturally drawn to them and develop them along the way. They manifest themselves in all areas of our lives. There are also things we don’t like to do or that are difficult for us to do. It simply makes sense to focus on what we like and what comes easily to us and avoid or delegate what we don’t like or find hard and stressful to do.
The same is true with trading. There are parts of your trading that you’re naturally good at. There are aspects of trading that you love, that excite you, and give you passion. The more you trade the better you seem to get in these areas.
What is your special trading or investing capability? Pause and think about it. WRITE IT DOWN. I can’t guide you or even suggest what is uniquely easy and effective in your trading.
The best part of my trading is ______________________________________.
The part of trading I most enjoy is___________________________________.
You can build on these and exponentially improve your trading results and your trading ease and enjoyment. It also makes sense that your methods and time frames are compatible with these strengths and tendencies.
Now we need to acknowledge the opposite. Each of us has innate limitations and vulnerabilities that also affect our trading and investing. There are parts of the trading game that are hard for us, that we don’t like, may even hate. As much as we try to overcome these areas we frequently relapse into these frail deficiencies. We say we’ll never do that again, and then, of course we do.