In my 40 years of trading I’ve learned to focus on performance not profits – 4 reasons why:
1. Discipline Over Dollars:
– Following your trading plan with discipline ensures the necessary consistency to build your account.
– Deviating from your rules, even if profitable, is poor performance & hurts you in the longer term.
2. Longevity in Trading:
– Sticking to your strategy helps you manage risks better.
– Consistent performance builds your confidence and reduces your emotional trading.
3. Process Over Outcome:
– A well-followed plan is repeatable and measurable.
– With 100 trades recorded, you can start to optimise your strategy by reviewing the data.
– Profits are a byproduct of a solid trading process.
4. Risk Management:
– Performance-focused trading emphasises protecting your capital.
– Good performance often involves small, consistent gains rather than big, risky trades.
Successful trading is a marathon, not a sprint.
Stay disciplined, follow your plan, and let the profits take care of themselves.
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