Most traders blame emotions like fear and greed, but the real problem is low energy and choosing to trade poorly anyway. Write down motivating goals to raise your energy and enforce discipline instead of waiting for the market to fix your mindset.
One of the biggest mistakes that I see traders make with regards to the mental game of trading, it's mistaking emotion for discipline problems or like, oh, I can't adhere to my rules. My first question is like, can you reliably prove that it's not fear, fomo, greed, overconfidence that is driving those valuations of this one? Ironically, impatience oftentimes happens when our energy is too low. You're kind of looking for the market to get you into a better state of mind. A very quick and dirty way to get yourself more disciplined is through your goals. You are driven to care because today is an opportunity to realize your goals, have your goals very clearly written down, and understand that being at this level is not going to get it done. You are choosing to trade poorly, so you're using your goals as a wedge to drive your mind to have more energy so that you can effectively kind of have more control over your performance, rather than what a lot of traders are relying on is market conditions to naturally kind of pull their energy higher. That's what's required. And I know it's easier said than done, but that's the task.
