If you are trading, chances are you would like to improve your performance. When traders think about how to improve their trading results, many turn to books, education and even starting a trading journal.
The idea of books is to improving their knowledge and learn from more successful traders. The trading journal should allow you to record and later analyse your trades, allowing you to spot areas for improvement. This could be called self coaching. But does it work? In this article we will explain why it is difficult to make self coaching work and why you should consider enlisting the help of a trading coach.
To improve your performance, obviously you must do something differently. If you read books or analyse your trades you may even find areas that you think you must improve. The problem is, that finding what you need to improve is not that difficult. Even starting the change is not that difficult. The difficult part is sustaining the change.
A change is easy to start but hard to continue. The brain is 'wired' to work in a certain way and to work in a different way will feel uncomfortable and strange. It is easy to slip back into the same habits and ways of thinking. It is very difficult to do this on your own. This is where a trading coach can help, by monitoring your trading habits and keeping you on the right track.
What does any coach do? They identify what you need to work on, teach you, support, encourage and motivate you. This is something that also may be possible to do in the short term yourself, but the effort fades quickly. A trading coach can offer objective advice, and keep you going when you have self doubt. A trading coach will tell you things you don't know, analyse your strengths and weaknesses and work with you to develop a trading plan. - 31876
The idea of books is to improving their knowledge and learn from more successful traders. The trading journal should allow you to record and later analyse your trades, allowing you to spot areas for improvement. This could be called self coaching. But does it work? In this article we will explain why it is difficult to make self coaching work and why you should consider enlisting the help of a trading coach.
To improve your performance, obviously you must do something differently. If you read books or analyse your trades you may even find areas that you think you must improve. The problem is, that finding what you need to improve is not that difficult. Even starting the change is not that difficult. The difficult part is sustaining the change.
A change is easy to start but hard to continue. The brain is 'wired' to work in a certain way and to work in a different way will feel uncomfortable and strange. It is easy to slip back into the same habits and ways of thinking. It is very difficult to do this on your own. This is where a trading coach can help, by monitoring your trading habits and keeping you on the right track.
What does any coach do? They identify what you need to work on, teach you, support, encourage and motivate you. This is something that also may be possible to do in the short term yourself, but the effort fades quickly. A trading coach can offer objective advice, and keep you going when you have self doubt. A trading coach will tell you things you don't know, analyse your strengths and weaknesses and work with you to develop a trading plan. - 31876
About the Author:
Learn more about a trading coach and how they could help you. Visit www.tradingcoachdirectory.com to choose the best trading coach for your needs.
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