Trading Psychology: Why Adaptability Fuels Consistent Success
One of the most common issues I see is traders berating themselves because they haven’t backtested that new system or they haven’t had time to review and optimize one of their systems or update their trading plan.
But sometimes life does not allow the time to do these extra things. In systematic trading, the bare minimum is running your systems to generate your buy and sell signals and placing your trades. The great news is that with systematic trading, this takes just a few minutes each day… which pretty much everyone can find.
Everything else is extra.
So rather than constantly berating yourself for not doing more, I like to help traders reframe this and acknowledge themselves for getting the core work done (checking signals and placing trades) and realise that everything else is extra and nice to have.
All the better if you automate your trading – the core work is taken care of for you!
Adrian Reid, founder of Enlightened Stock Trading, often speaks about the importance of balance in trading. His month-long trek in Nepal, leaving his systems on autopilot, is a prime example of adaptability in action.
