Creating your schedule
- Establish times when you'll be studying / trading 1.1. Communicate them with your family
- Commit to the times
- Make a daily achievment chart
Why is this important
It creates discpiline, consistency and an understanding of the price action that is common at those times of the day.
Clarity of mind => profitability
How do you do it ?
Analyse your daily movements and commitments to see whan you'll be available on a daily basis. Commit to the times that you can. Tell your family and friends.
Commit
It's important to commit to this and build a habit out of it.
Barriers you'll face
- Life goets in the way - there are distractions
- You may find it dificult to work from home.
- Properly analyse your daily routine to identify barriers and make a plan to overcome them.
Overcoming these barriers
- Beingc disciplined and focused - mentally commit to the trading time periods
- tell you family an friends waht you are doing and whe nyou are doing it so they can know and support you.
Stay motivated
- Contrate on your end goal
- It may be tough at times, but if it's worth having it'll cost
How to remain consistent
- Establish aworking time periods of rstudy, practice, ananlysis and trading
- Create a chart to track your progress, and fill it in with ticks or stars for days that you achieve your working periods.
- Adhere to your established working time periods and track your progress consistently.
- Reward yourself for a full week of achievements to help sty motivated and on track with your trading goals.
Example rewards for consisteNcy
- take a break and to do something enjoyable,
- spend time with family or friends
- Read a book or watch a movie
- Treat yourself to a favorite snack or drink
- Engage in a hobby or activity you enjoy, such as playing a sport or working on a craft project.
- Make it known that the reward is for sticking to your schedule.
An unstructured traider looks like
Struggling to find consistent periods of the day ot trade. Randomly going into the course or charts whenever you get a few minutes. Getting very few tickts/stars on the daily achievement chart.
A somewhat structured trader looks like:
Mostly finding that you adhere to the time frames - but you are still getting distracte from time to time and losing focus.
Getting more ticks/starts on yuor chart than not, but not achieving a full week.
A fully structured tradier looks like:
Fully focused and commited to the time slots. Nothing gets int he waoy of your trading "job", relishing the time in front of the charts aor studying the courses.
Always bieng rewarded at the end of the week as you will have a full-house of daily ticks/stars.
Action items
- Download the checklist and project sheet
- Move onto the next lesson and complete the project.