HOW Trading Well is Similar to Gymming
When you gym well, it’s like trading well.
You gym to tone, to lose weight to build muscle and to build discipline.
With trading you trade to build your portfolio, build confidence, create a secured financial future and work on your mindset for life.
Both pursuits require consistent effort, perseverance, and a strategic approach.
Gym is an important element in my life and so I want to explore the similarities between trading and gymming, and how each can lead to success in their respective domains.
You Put in the Work Every Day: Gymming and Trading
Like a regular gym routine, successful trading requires dedication and consistency.
You can’t expect to see results overnight – you need to put in the work every day.
As a trader you must constantly educate yourself on market trends, stay informed about global events, and analyze past performance to make informed decisions.
Just as gym-goers must adhere to their workout schedules, traders should establish a daily routine that involves researching and analyzing the market.
You Pick Up the Portfolio (Weights) as You Make More Money
When you gym, you gradually increase the weights you’re lifting to build strength and endurance.
Similarly, as you become more experienced and successful in trading, you can gradually increase your investment portfolio.
As your confidence and financial gains grow, you may choose to diversify your portfolio and take on a variety of different assets to spread risk, lower risk, optimise and maximize your returns.
Don’t Overtrain – Don’t Overtrade
Overtraining at the gym can lead to injury and burnout.
And if you over trade in the market, it can result in financial losses and emotional exhaustion.
It’s essential to strike a balance between staying active and giving yourself time to rest and recover.
In trading, this might mean you:
Set your limits on the number of trades you make each day or week
Identify the goldilocks zone risk per trade
Know when to hault trading or lower risks during a drawdown period.
And most importantly.
Remember, trading is a marathon, not a sprint.
So pace yourself accordingly which is crucial to long-term success.
It’s a Forever Process (Takes Time)
Both gymming and trading are long-term commitments.
You won’t see immediate results in either pursuit.
It takes time and dedication to achieve your goals and to identify your trading risk and personality.
In the gym, you can expect to see gradual improvements in your strength, endurance, and overall fitness.
In trading, you’ll gain experience, knowledge, and a more refined strategy as time goes on.
So stay dedicated, and you’ll be well on your way to achieving your goals.
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