Obsession with Perfection

We're finally at the end of the week.

It is the best time to reflect and plan for what's to come.

When reflecting, we should look back on the things we did and try and extract lessons from them.

When planning, we should use the lessons learnt from this week and apply them for next week.

It's a simple compounding concept that most people underestimate.

But this concept is commonly adopted by top performing traders.

They don't just make milions on accident.

They know EXACTLY how they did it.

From the number of trades they took to the exact price they took it at.

It is outcome of having an obsession with perfection.

But there's one problem.

You might want to succeed in trading and in life in general.

But you just don't know what to be obsessed about.

Indicators?

Trendlines?

Order blocks?

The truth is...

It's none of them and all of them at the same time.

Let me explain.

When you were a kid, your understanding of the world was very different compared to now.

As a kid you had different sets of beliefs given by your parents.

But eventually, these beliefs will be challenged and they will start to change.

The main culprit for these changes are usually:

1. Your surroundings

2. Friends

3. Mentors.

They start to change you and you slowly see the world in a different way.

Because now you have a better understanding and clearer lens.

That's how it is for trading.

In the beginning, you think you will make quick money as long as you buy.

Then you realized it's not as simple as buying but you need a strategy.

Then you realized it's not as simple as having a strategy but you need a good strategy.

Then you run into the problem of not knowing how to create that strategy.

This is an oversimplification of the process but the deeper you get into it.

The more you realize what you thought initially was wrong.

This is where most get stuck.

You might've realized by now...

The you 5 years ago and the you now are completely different.

The lessons and experiences you've gained along the way were essential for your growth.

But some if not most are not necessary.

Most can be streamlined and avoided.

Because there's only 2 ways you learn:

Either involuntarily or voluntarily.

Involuntarily meaning you lost money and realized that this strategy doesn't work.

Running into walls and having the lessons forced upon you.

OR

Voluntarily meaning you understood that you are not prepared enough and decided to prepare thoroughly before jumping the gun.

Learning the lessons in a controlled manner that doesn't cost you significantly.

Nick XBT

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