Why you Are a Mass Procrastinator – 7 ReasonsAre you stuck in a trading rut?
Have you thought to yourself.
You have all the knowledge, tools, skills, strategies etc…
And yet you don’t believe you’re getting the trading results you expected?
I think it’s because of the ‘Procrastination Gremlin”.
It’s a common issue. For three years during my trading career I was a mass procrastinator.
I never took trades when they lined up.
I never deposited more money to grow my account.
I never tracked and reviewed my trades on a weekly basis.
It became a disease as well as a comfort zone.
But what you might realise is when you LEAVE that comfort zone of procrastination, you might find it was never comfortable to begin with.
It slowed down your growth and progress as a trader.
So if you can relate to some of the things I’ve mentioned already, this article is for you.
Let’s explore if you’re a mass procrastinator.
You Doubt Trades
One of the most common forms of procrastination is when you doubt taking trades.
You hesitate and find every excuse to not trade for the day.
The problem is this.
Doubt slows down your decision-making process, and causes missed opportunities.
If you have a winning and proven system and you have money you can afford to trade with great money management principles.
Just Take The Trade!
Skip Trades
Ahhh, I’ll skip this trade and take the next.
Skipping trades is another form of procrastination.
What are you waiting for?
The “perfect” trading setup, the right “timing”, the right gut (gat) feel?
Stop skipping.
Remember, in trading, there’s no perfect moment. You are bound to take trades with losses. So if you’ve incorporated them into your trading, why are you skipping the trades?
Worst case scenario, you take a small loss.
Best case scenario, you ban a whopper of a winner.
Listen… Consistency and resilience are what brings success.
Stop skipping trades when they line up. J.T.T.T
Skip Days
I get this.
Monday is a storm of a day after the weekend.
Friday is a calm day to prepare for the weekend.
That’s what I’ve gathered over the years.
But it doesn’t mean I skip trades. If they line up (Monday or Friday or any other day, just take it).
Successful trading requires regular market analysis and being persistent with your trading.
Stick to a routine, check the markets and try not to skip days.
Forget Tracking
If you also forget to track your trades, this is another sign of procrastination.
Tracking helps you analyse your performance, learn from your mistakes, and make informed decisions.
Every time you take a trade, plot it in your journal.
At the end of the week, go through the journal to see how your trades are looking.
Go through the open trades, to see how they’re performing.
Also maybe see if you need to make any adjustments.
Don’t neglect this crucial task.
Forget Setups
You might have written your trading setups for the week.
And then you don’t take them.
You’re procrastinating your success.
Be more accountable and responsible with the trades that are lining up.
Write it on sticky notes.
Put them on your fridge.
Set alerts on your trading and charting platform.
Set reminders on your phone!
Do whatever you need to to NOT forget the setups that are nearly ripe for the picking.
Neglect Self-Education and adaptation
As I’ve said often.
Trading is an adapting and ever-evolving game.
You need to:
~ Keep learning and revising
~ Be up to date with new markets
~ Adapt your strategies
~ Add or remove from your watchlists
~ Update yourself as a trader
Procrastinating on Diversification
If you’re only trading one type of asset, you might be in trouble.
You’re delaying portfolio diversification.
There are so many new stocks to apply.
There are new algorithms with indices, commodities, Forex and Crypto.
If they work with your system, diversify and hedge.
Don’t be a dinosaur and stick to what was instead of what there is!
Start researching other asset classes today.
Final words:
You’re your own worst enemy with trading.
Not any trader, analyst, company… You.
You need to stop procrastinating and start doing.
Only then you’ll see improvement, development and even mindset growth.
Let’s sum up potential reasons why you might be a mass procrastinator.
You Doubt Trades
Skip Trades
Skip Days
Forget Tracking
Forget Setups
Neglect Self-Education and adaptation
Procrastinating on Diversification
