How important is it?
Does it really make a difference?
I’ve focused on mindset and mental approach to trading the markets. For those of you that will have read back that far, you probably already realise quite how useful it can be.
Before now I’ve also mentioned how trading to certain music has an effect on my results, as does being hungry or angry! So why is it any different with regards to having a routine, the correct amount of sleep, diet and even physical exercise?
…I don’t think it is!
Maybe it’s because I’ve upped the stakes and intensity just lately. I’m finding it more noticeable, but to be on top of your game it’s really quite important. Before now, I’ve heard of other traders getting into routines where they run 8 miles a day before trading, eat healthily or even take lots of different herbal remedies to keep them ‘sharp’ as well as ‘relaxed’…
For me, the odd cold beverage (Beer) always seems to chill me out mid-session. I suppose it’ll be a bit different for everyone, but that works for me.
I’ve been forcing myself to do that little bit more exercise, it’s starting to make me feel better in general, which seems to be passing itself onto my trading results so it’s not something I intend to stop doing if anything I’ll do more. I seem to remember Adam Heathcote talking about doing Yoga on his blog some time ago, it can’t be much different to that.
So from now on the rules are; 8 hours sleep before a trading day, eat an hour before trading (healthiest possible diet) and at least 3 training sessions a week. Be it weights in the gym or going for a run….. or even pulling out that nice shiny bike I posted about some time ago. Not quite sure why I bought such an expensive bike, I hardly use it!!
The part I’ve always struggled with most, and can’t see changing too soon – is routine.
Routine is great, it’s really important. But certain parts of it I just struggle to maintain. The downside of having no boss breathing down my neck!
Getting up in the morning is probably my biggest weakness. Just because I don’t have to. Doing more exercise seems to help this quite a bit, although it’s still always there – I’m not really a morning person.
If anyone has any tips on getting up quicker, let me know, please! I tend to just hit the snooze button a few times, sometimes more… although I never had a problem with it when working for someone else! It’s just laziness I guess.
If you have any tips on enhancing your personal state, please comment below!