The morning is the time of the day where we can build the momentum that takes us into the rest of the day. You may be surprised at just how influential our morning routine can be. Trading is a highly stressful activity that requires patience and focus. All traders should follow these 5 steps in order to maximize their performance, and minimize their stress levels. By following these steps you will be able to remain in the zone throughout the day.
1. Be Mindful
The mentality of a trader is crucial to their success. You can develop this mentality as soon as you wake up. The first thing you should do is mediate for a few minutes. This will allow you to relax your mindstate. You can practice a few breathing techniques, and allow your mind to remain blank. This will get it ready for the mental activities of the day. After meditation, you can have a quick look at your long-term goals. This will allow your mindstate to focus on the positives of the future. You should also note down a few things that you are grateful for. Affirmations can be a powerful way for you to appreciate your accomplishments. It is a good idea to keep a journal to keep track of your small victories and allow yourself to be reminded of them in the morning.
2. Develop Your Skills
You cannot be a successful trader by reading one book or watching one video. Success doesn’t come from any single activity. All good traders understand the power of developing habits. The morning is a perfect time to develop any skill that you want. It may be related to trading or it may be another goal. You can spend 15-20 minutes every single day working on developing this skill. This may seem like an insignificant amount of time, however, if you remain consistent you will start to achieve proficiency within a few months time. The best traders never stop learning, and the morning provides an opportunity to remain sharp.
3. Analyze The Market
All traders should look over the market in the morning. However, this should be done with an objective mindstate. You can browse the market, and see what has changed. The morning allows you to analyze with a fresh pair of eyes. You can review your current positions, and start planning more. However, the morning is not the time to be heavily interested in applying your strategy. You can look at the big picture of the market, and take some time to plan what may be about to occur. Traders are welcome for this period before the market begins to develop, as it allows a chance to consider their moves without the pressure that comes with a moving market.
4. Look Over Your Gameplan
The best way to learn anything is through repetition. Every trader has a strategy that they apply to the market. You should consistently look over your gameplan every morning to remind yourself. The best traders know their plans off by heart, and this is achieved by developing a morning habit. Even if you are familiar with your strategy, looking over it in the morning allows you to implant it within your subconscious, and it means that you will be guided by it throughout the day.
5. Maintain Physical Exercise
The importance of physical exercise cannot be understated. It is easy as a trader to ignore exercise because you feel it has little value. However, simply sitting in front of a computer will not bring you to your ideal physical state. The mind and body both need exercise to work at their best. You can go for a jog or do some yoga. Any form of exercise will reduce stress and give your mind precious endorphins. This will allow you to better deal with the challenges of the day. You do not need to engage in any strenuous workouts in the morning. A consistent schedule of 15-20 minutes of your favorite physical activity can make an enormous difference. Your diet is also important, and you should supplement exercise with a healthy breakfast. The breakfast should not be loaded with carbohydrates as these can cause brain fog. Fresh fruits and vegetables should be a key consideration for your morning diet, as these will give you the sustainable energy needed to tackle your day.
In the morning we set out the mood for the rest of the day. Ideally, traders should wake up early in the morning. This allows them to be ready for the market. Additionally, you should make sure to have a balanced breakfast and to remain hydrated. These steps will allow your subconscious mind to deal with the challenges of the day in a more effective manner. Trading is all about remaining focused, and also remaining calm in pressure situations. You can achieve focus throughout the day by starting your morning right with these 5 essential steps.