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The right physical and mental state is critical for the trading day. Here are 3 things you can do everyday to make sure you're in a state of peak performance.
A successful trading day means operating in a state of peak performance.
To enhance the odds of a successful trading day it’s important to operate in a state of peak performance.
It may seem out of reach sometimes. We can’t completely control how we feel or what happens on any given day. But there are many actions that we can control. And the best way to insure we operate in a state of peak performance is the focus specifically on three of those actions.
Peak performance in trading is not that different from peak performance in sports.
Training like an athlete can make a lot of sense. Eat a healthy diet, get plenty of exercise, and sleep well every night. While doing those three simple things consistently and regularly will provide a significant advantage, they will not be explored here.
Take a closer look at the mental game
Instead we take a closer look at the mental game and three specific exercises to increase focus.
3 daily actions to put you in a peak performance mindset
Do your homework
Know what's going on in the markets and your watchlist. Study your charts until you know them upside down. Be comfortable with your interpretation of the action. Write your trading game-plans for the day so you know exactly which trades your targeting and exactly when and what action you will take. Think in terms of "if/then." Set alerts so you won't miss the triggers.
Review your gameplans
Gameplans should be almost memorized. Read and refine them several times. Be specific. Eliminate ambiguity and redundancy.
Tony Robbins says, "Perfect practice means visualizing reaching your goal so you’re primed for success when it’s time to take action."
Visualize your shot as if you're preparing to hit a golf ball or take a free throw. See what success looks like. Watch it play out in your mind's eye. Be ready to experience it. Then expect success.