Where every trader should focus their efforts

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One quick tip to improve your trading ability is to stop studying charts and graphs and all that other stuff, commitments and traders, and study yourself. You can keep a journal, you can use post-it notes for all I care. You can use some online program, whatever works for you. It doesn’t matter to me. Keep notes of why you do what you do. What are you looking for out of each trade? Chances are, it’s not just the money. You want validation, right? You want to know that you’ve made it. Write down the feelings and the psychology that goes around with what you’re doing. Are you afraid of missing out? Why did you take the trade off when you did? What did you think was going to happen?

Most traders who are newer, overthinking exactly the wrong time, they don’t have the skill to use their intuition, and they think they’re going to bring an intellect to trading, and it’s not about that. It’s knowing how to gamble. At the end of the day, you need to know the probabilities and the statistics. What’s the expected value of the trade? And the only way you can get better at improving that is to study your own behavior around managing risk. You’re the asset here, not the ticker symbol.