Why Caring Less Will Give You a Trading Advantage

There’s 3 signs that you’re giving too much attention to the wrong things as a trader.

1. You’re checking in with your profits/losses (P/L) too often during a trade

2. You’re validating your success based on your daily/weekly outcomes.

3. You have the belief that trading success is supposed to happen on YOUR timeline.

If you find yourself staring down the fluctuations of a trade, there’s a good chance that the foundation of your trading itself is flawed.

Have you truly accepted the risk? If you had accepted your risk, whatever happens between the open and close of your trade shouldn’t be influenced by money at all.

Consider reassessing your risk per trade or how much confidence you have in your skills.

It’s okay to go back into learning mode.

It’s okay to trade demo again.

It’s okay to risk less.

Since we’re wired to think about how much money we make based on time, we’re destined to look at trading all wrong.

This is a completely different type of income stream. It’s purely skill based and on top of that, what you get out of each individual trade can be extremely misleading.

Remember, it’s about what you do over time, not what you get once.

There’s so many types of trading systems and they all have different ways in which they’re profitable.

Some are low strike rate but high reward.

Others are high strike rate with low reward.

So you might FEEL like you’re losing often but if that’s how your system is designed, you work through the losses so the wins come as they’re theoretically supposed to.

Of course, we’re here to make money. Obviously.

Money, however, is a consequence. You can’t really use your daily P/L as your measuring stick to your skills.

I’d argue that the hardest thing to stop caring about is when it’s all going to happen.

The hardest thing that you can do is let go of the timeline of the results that you want.

So when you can really start to let go of when is when you can give the most focus to what.

To the quality of your decisions, to the quality of what you understand and when you can give your attention, your energy just to the discipline and the skills of Trading, that’s when you care the least about when it happens.

This is when it’s the most likely for it to happen because then you’re also in position to be very disciplined to do the right things and if you do that for enough time, it happens.

When you let go of the ‘when’, you can connect much more to how and why.

Detach from when and connect to the process.

This is how you build your Tradetopia.

-Mike Navarrete 🧙🏾‍♂️