The Best Thing to Do for the New Trading Year
ByWhat are some things I should be doing to prepare for the new trading year?
The first thing to do is look at what you did in the last year. What things improved and what things did not work for you? Are the reason things improved because you gained a better understanding or put in the effort required to become good? Why did things not work? Is it because they really do not work or you did not have the time to commit to the subject to acquire the skill or you may have jumped in before you knew what you were doing? Whatever the answeris to those questions take the time to answer them honestly.
The second thing to do is pick two things that you would like to achieve over the next year. Notice that we said year and not days or weeks, it takes time to learn and develop skills. Once you know what you want to focus on, write out in detail how what you are going to do to be successful, what steps are you going to take.
Why simplify is down to just two things? One reason is that most people learning to trade are busy and have hectic lives and doing more will just lead to becoming overwhelmed and possibly just quiting altogether. Secondly, and worse yet, it could lead to going back to doing things randomly, with little to no progress.
Give yourself the chance to improve your ability to succeed by taking a few minutes to give yourself some clear direction.
Good Hunting,
Seth Gregory
www.forexactivetrader.com
