Feeling bored in your trading? That could actually be a positive sign that you're doing something right in your trading process. It probably means you actually have a trading process! That you have rules in place to protect you from yourself. Can you imagine always being excited about trading and being able to trade however you want, whenever you want? Yet, many traders do exactly that.
Trading really should be more boring than exciting. This week's affirmations can help you to appreciate the boring parts of trading and look at it from a different light.
“It probably means you actually have a trading process! That you have rules in place to protect you from yourself.”
EP 011 Transcript
Welcome to the Affirmations for Traders podcast, a special space created, especially for you to listen to affirmations that make a positive impact to support you in your trading journey. I'm Tessa your host, like many of you as a trader, I understand the struggles of this journey very intimately. I believe that by adding the power of affirmations to your toolbox, it can be the game changer that you're looking for to help you improve your trading potential and to develop yourself into a better trader.
You're listening to episode 11 of the Affirmations for Traders podcast.
The truth is there are parts of trading that can feel really boring, especially when we're doing all the "right" things. It's even more boring and frustrating when we're doing the right things and still don't see results, yet.
When I say the "right things" in the context of trading, I mean for example, putting in the work to prepare for your trading week or for the next day ahead of time. Active ly reviewing and learning from your trades, keeping a trading journal to learn about what went wrong to correct it for next time, or what went right and repeat it for next time. Incorporating risk management and doing proper position sizing. Putting together your trading plan and following it, and then waiting and being patient for your positions to work out.
All of this is part of your trading process, and it takes time, right? It does. Sometimes, it can be just plain boring because when you have to do it over and over again, day after day, it does feel repetitive? We're human, not robots, so we're emotional and curious creatures and like variety...naturally. Even for those who have incorporated more automated trading, there are still manual routines in your process that need your attention.
Obviously the so called "boring" things of trading are important and necessary. But, is it possible to make boring more interesting, or at least bearable? I think so. How? You may not like this answer, but one of the ways is to practice doing these boring things even more. The more we practice and get better at doing the things we need to do, the more confident we feel. And when we feel more confident, we feel more engaged in something. More engagement = less boredom.
For example, the next time you go through your trading routine, take it from the perspective of having deep intention and appreciation of the routine you worked so hard to build into your process. For example, maybe practice getting more efficient and quick at reviewing and recording your trading performance metrics. When you really hone in into your process, you get more engaged and understanding the why of what you're doing makes it more meaningful.
With practice, it becomes a habit and second nature until you think less about how boring and monotonous that it can feel, and instead embrace and appreciate the value of a well thought out trading process, and how it actually frees you to have more energy and mental space to work on your trading ideas and strategies, and other more interesting things that you like to focus on in trading.
We want to focus on being intimately involved in building and continuously improving our trading process. When we do that, we'll understand and appreciate this part of the journey much more and focus less on how boring it feels, and instead, look forward to how it can take our trading to the next level where we'll be able to limit losses more expertly, for example, and increase our probabilities of winning more.
Another way to feel more engaged in our trading process is to find another fellow trader to share your journey with, exchange ideas with, or just to vent. Trading can be really lonely at times and leads to boredom as well. So, it's nice to have someone to talk to, to bounce ideas off of. Are there virtual or in-person trading meetups that you can join in your local area?
I would love to hear your thoughts and ideas that you might have on this, and feel free to email the show directly at email@example.com. Again it's firstname.lastname@example.org. And I look forward to hearing from you!
So, what will you work on this week to better appreciate and feel more engaged with the more monotonous and repetitive or boring side of trading? We know now that boring in trading can be really good.
I hope the following affirmations will help also.
Let's now get into the affirmations.
Before we start, let's prepare ourselves. Take a moment and close your eyes. Give yourself permission to be open to the affirmations you're about to hear. And feel free to repeat along with me.
When I step out of my head for a moment, I'm aware of the state of mind that I'm in, how I react and respond.
I am very aware of where my mind spends its time thinking. I gently bring it back to where it should be.
I focus my energy on the tasks at hand that enable me to reach my goals.
I protect my trading time, and set limits and boundaries on what is requested of me.
I am totally present when I am trading within my trading time.
I streamline and organize the tasks in my trading process so I can focus on what's critical.
I take the necessary breaks needed from trading to give my mind some time to rest.
My trading plan helps me to maintain focus and clarity amidst the chaos internally and externally.
I improve on my ability to stay laser focused, one day at a time.
As I remind myself of my trading goals and the reason for trading, I feel re-charged and re-focused again.
During the week, reflect on these affirmations and repeat them with deep intention. Feel free to add any of your own to this week's affirmations.
You were listening to Affirmations for Traders. Thank you for listening and I look forward to doing this again with you next week! Take care.