I have been thinking a lot lately about this question:
“WHAT CAN I ACTUALLY DO?”
“What, when given a meaningful opportunity, can I execute on?”
Can I trade for 1000 pips a month?
Can I trade for 10 pips a month?
Do I have the courage to be honest about what I can really do?
This is a tough one. As traders, we go into our platforms everyday and we are presented with a very real way to make or lose money. What are my abilities? Have I practiced enough? Do I really know what the hell I am doing?
Mastery requires that I am completely honest with myself about my abilities and in the case of trading, what can I prove through back testing? It is the same as stepping up to the tee box and pulling out a driver when I have spent no time at the range with that club.
I DON’T KNOW HOW IT WILL PERFORM!
Maybe take some time today to ask yourself, do I really know how my system performs? Do I really know how to trade it?
I want to be more honest today about how I actually perform so that tomorrow I actually have a chance for improvement.