- 🎯 Reflection on Past Performance: In this video Mark encourages traders to evaluate their trading performance over the past year, focusing on personal growth rather than just profit and loss figures.
- 🛠️ Identifying Strengths and Weaknesses: Traders are advised to identify what they did well and pinpoint areas needing improvement, such as discipline, journaling, or trading strategies.
- 🧗 Planning for Growth: Mark emphasizes setting specific, actionable goals for the upcoming year to address challenges like over-trading or emotional decision-making.
- 💡 Highlighting Hidden Dangers: Identifying potentially risky behaviors, such as trading on tilt or taking oversized positions, is crucial for long-term success.
- 🚀 Incremental Progress: Small, focused improvements on key aspects of trading can lead to significant progress over time.
This year is your chance to level up your trading. Here’s how to reflect, plan, and grow without overcomplicating things.
Step 1: Reflect Without Fixating on Numbers
Look back on last year, but don’t obsess over profits and losses. Instead, ask yourself:
- What did I learn?
- What did I do well?
- Where did I fall short?
Even if it was a rough year, you’ve likely improved in some way—maybe in journaling, discipline, or understanding market patterns. Recognize those wins and build on them.
Step 2: Fix Your Biggest Issue
Identify the one habit or weakness holding you back—overtrading, chasing losses, or hesitating to act—and focus on fixing it. Tackling your biggest challenge will create the most noticeable improvements.
Step 3: Watch for Hidden Dangers
Be honest about risky behaviors that haven’t burned you yet, like emotional trading or taking oversized risks. They may feel harmless now but can cause big problems later. Address them proactively.
Step 4: Build a Simple Roadmap
Set actionable, realistic goals:
- Create a consistent trading routine.
- Track one key improvement each week.
- Focus on steady progress, not perfection.
By focusing on small, impactful changes, you’ll build momentum and set the stage for long-term success.
Trading isn’t about quick wins; it’s about creating better habits that lead to consistent growth. Reflect, plan, and commit to incremental improvement this year—you’ve got this! 🙌
