END Procrastination Today with 7 Tips
One of the biggest issue a trader has is none other than procrastination.
• They doubt their trades – so they don’t take them.
• They skip a trading day – so they miss opportunities.
• They don’t monitor their results on a weekly or bi-monthly basis- so they can’ track their performance.
Initially, I thought it was because of a lack of confidence. But to be honest, I think it’s something a lot more transparent.
You have a life to live, income to earn, food to put on the table, things to do with your family and loved ones and the general duties of life.
So it’s all down to priorities at the end of the day.
Because my life has been dedicated to trading since 2003, it’s why I don’t procrastinate – take a day off or anything of the sorts.
So I’m going to give you some pointers on how to stop procrastination or at least reduce it…
TIP #1: CHOOSE YOUR TRADING DAYS
If you really don’t have the energy (not the time, everyone has time), then just choose two or three days to trade. And find the best time to locate to your trading.
Maybe it’s first thing in the morning when you’re having coffee or breakfast.
Maybe it’s when you come home after work and before you get onto the social media world.
Maybe it’s an hour before bed or Netflix . Adopt it into your life in a way that it is comfortable and manageable for the future.
TIP #2: SET SMALLER TASKS
Break larger tasks into smaller, more manageable chunks.
This will make it easier to start working on a task and to make progress. Instead of looking at EVERY market in one day, to drive you crazy. Choose a sector market and only focus on that watchlist…
E.g. Local stocks one day, Forex another day and international markets another day.
TIP #3: TRACK RESULTS ON A SPECIFIC DAY
Choose a day in the week, where you’ll jot in your trades that you added, adjusted or closed.
Create a schedule and stick to it. Having a structured plan can help you stay on track and avoid getting side-tracked by less important tasks.
TIP #4: SET A TIMER
If you have only 1 hour to trade, set the timer. You’ll find with a timer, you’ll be more focused determined and less distracted with anything else.
TIP #5: REMOVE DISTRACTIONS
Stop the distractions from your workspace.
This may include turning off notifications on your phone or computer, finding a quiet place to work, or using noise-cancelling headphones.
TIP #6: SELF-TALK YOURSELF
Use positive self-talk to motivate yourself to do it. Psychology is an important element to your trading.
Instead of telling yourself that you can’t do something or that it will be too hard, try telling yourself that you are capable and that you can do it.
TIP #7: REWARD YOURSELF
Reward yourself for making progress of following with your trading actions. This could be as simple as taking a short break or treat yourself to something you enjoy.
These are just a few ideas on how you can end your procrastination from your trading endeavours…
There will be no change in your life without action, so always keep the prize in mind and you should have all the determination in the world to GO FOR IT.
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Trade well, live free.
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