how to be consistent
The last couple of months that I’ve come to the understanding of what is required to be consistent? So, read very carefully to these steps okay, first and most important you have understand the why of consistency. In other words what I mean by that is you need to almost have a blind faith that if you are consistently applying yourself the end outcome is going to be glamorous. It’s going to be everything that you’ve never thought of never imagined. Can I in its own that’s quite difficult? Because as humans we don’t adopt blind faith easily. You have to believe that if, you are consistent the big picture vision is, you would be that much more successful, that much more profitable. It’s big picture that I need to stick to this goal now no matter what nothing. Whatever the priorities of I have this is single-handedly. The most important priority I have in my trading because, I see the big picture I see the vision. once you’ve got that blind faith that I will commit no matter what, then you need to understand that it’s a time scale basting, in other words to develop a skill. Remember what I’m saying consistency is not a noun it’s a verb, it’s a skill, and it’s something you have to learn. In order to learn a skill is going to take time, you’re going to have develop the habit of doing it. So, the first thing I’m going to say to you if, you truly believe in the art of consistence and you can trust me that this is the most important aspect of not just trading but of life. You have to acknowledge and accept it’s going to take time so, set yourself a time don’t be a blind squirrel and not you know just assume that you’ll become consistent. Set yourself a date three months five times a week. I’m going to be consistent every single day of the week or seven days a week whatever your goal is to you. Know into which you want to become consistent note as you go along this timescale. You see sports you know professionals doing this all the time they have this ultimate goal where if, they miss or they break a habit, they start all over again. don’t be afraid to do that if you struggling, you know consistency and maybe you get today eight and you’ve done at eight days in a row and you skip day nine, go back to day zero you have to learn the hard way to develop the skill of consistency. Remember if this is now that’s the blind faith if you believe like I do that this is the most powerful you know acid you can have or skill. You have to accept it’s going to be difficult it’s going to take time.
The next thing and, this is clear you have to have some sort of a template and approach now one of the things, I did research a lot. And I found it wasn’t just that I was focusing on multiple things you have to rule out. If, you want to be consistent it’s not many but one thing. The second thing is you have to have an exact template and the reason is that this exact template will help you know mentally to build little road blocks as you go along the way road blocks but it’ll help you build. Know sort of mental memory as you go along the way again, those mental memories through an exact templating that’s going to help you to improve your trading ultimately and, improve your consistency. That’s the real key those are three elements
We have to understand. Be willing to start again if we miss number three have the template number four keep it simple, simplicity one thing consistent. We need a precise approach and this ties in with the template. I look at triathlon programs alright every single one of the programs includes, a runners from a cycle element twice a week. It’s precise now every one of those Neos run swim and cycle programs has an exact program. Its 200 meters of that its 5 minutes of sprint work, its 20 seconds of recovery. It’s exact there’s no questions, there’s no maybes ifs and buts, you simply just follow the precise approach and it’s the same in trading I can, I’m going to show you in a minute. What this little this precise approach looks like but it’s the same way we need to apply ourselves. That will ultimately give us consistency then motivation to stick to the plan and this is crucial. Consistency is hard remember, what I said to you, you are about to adopt the single most important skill not in just in life but, in trading. It is going to be difficult it’s not easy, it’s not fun.
How to stay motivated
You need to constantly be reminding yourself why are you doing this what is the end purpose. So, make sure you have those little motivational cues that keep you heading towards that big picture that vision and, then the last thing is some sort of a measurement performance. Become consistent of debriefs and hands-down success, I will be 50% better trader than I am today if, I attribute that and put that into performance or P&L performance. It means a significant amount of extra revenue so, that’s the big picture I know I need to do this too. I need to keep it simple, I need to get rid of all the extra things, I need to know get rid of all these other commitments. For instance emailing, WhatsApp groups, Twitter and all these other things that don’t add value. I have to get rid of the noise and keep it simple. Number three I need some form of an exact process approach that’s, what you’ve got in front of you just come straight out of debrief. Now what you can see is portion of you if, you’ve got four performance metrics and every single day, I have to go over these metrics. for instance, I have to go over my size accumulation something, I’m working on a goal, I’m working towards becoming better at and every single day, I have to say did I achieve my daily goal? “Yes” “No” you know did I apologize? Did I do what I rehearsed in my morning meditation? “Yes” or “No” was it just I went from a 10 lakh to a 20 lakh to a 50 lakh? So, I go write this down every single day right by right but, just simply ticking this thinking was it gradual? Was it delivered? it’s proof thought it’s making me think about how am I going about the process of becoming more consistent at size accumulation. I do the same thing my debriefs that I do a debrief Monday, Tuesday, Wednesday, Thursday, Friday every single day I go and tick this through. Then every single one of the strategies that might have an edge in, I go and tick them. I go and analyze it separately. I look at all the different nuances around that trade strategy and then I also tick a box called level of focus. How focus was I in the morning, in the afternoon and every single day I do this every single Monday to Friday, no questions asked. It gets done straight off to the close this is priority number one when the market shuts and I do the same thing every single day Monday to Friday. I’ve successfully done of debrief every single day and I’m proud of it. More important, I can see it in the results, I can see it in the outcome, I can see in my way of thinking, I can see in the evolution of how I’m trading and that’s the motivation for me. That as I keep being consistent with this approach on taking ultimately I’m going to become a better version of myself, like I said it’s not just trading. It’s everything in life find something have the big picture vision keep it simple adopt an exact process. Remain motivated have those performance metrics and you will begin to develop the skill of consistency.