In today’s episode, we are going to be speaking on some of the morning routines and rituals that traders can use to put themselves into the right mindset for high-performance trading!
Routines and rituals are actually an integral part of daily life and every person has their own that they have developed over the years - both consciously and subconsciously - that allow them to get through the day.
Traders are no different, we are creatures of habit and require routines in order to complete our jobs effectively.
So let's unpack this topic in deeper detail and along the way you will learn how to build a powerful morning routine that you can implement right away!
When studying successful individuals (whether athletes or business moguls), a majority of them swear by their morning routines that they use to get into the required state for action which is necessary for achieving high-performance.
Some common traits of the morning routines of these high-performers include the following:
And it makes sense because there are plenty of benefits to implementing morning routines such as:
As a trader, it can be beneficial to establish some similar routines in order to be in the best position to perform at a high level when you sit down at your desk for the session.
But why a morning routine you might ask? Because at the end of the day, what the market does is out of our control but what we CAN control is how we think, feel, and behave!
It's no secret that trading is a high-performance sport and that we as traders exert a lot of energy and resources to win!
If you are constantly depleting these resources without following a routine to replenish and recharge your batteries, you will burn out very quickly and your performance is likely to follow suit.
It is a constant balance of depleting and recharging these resources for optimal performance so it should go without saying that you will want to stay away from any negative routines that are not conducive to your goals!
The bottom line is this: Your body and mind need to be on their A-game to synchronize and deliver strong performance, this is why athletes train so much, so often, and why you need to also as a trader.
So now that we’ve got a better understanding of the benefits of morning routines and how successful individuals use them to win, let’s put together a morning routine!
When crafting a morning routine, you will want to replicate what high-performers are doing in order to level up your day. In the Morning Routine by Hal Elrod, he suggests that there are six components that make up a powerful morning routine. These are better known as the SAVERS:
In This Episode You Will Learn
