Frustration is a well-known entity to any trader. Not getting filled, just getting stopped, missing the train; these are all circumstances that bring out frustration. But then there are the habits that also bring about frustration: not adhering to stops, trying to pick tops/bottoms, or getting elicited into going the wrong way. Frustration is not getting what we want, and what we want are the results. However, as a trader what will make me successful is not a single good trade or a good week, but rather a constellation of good habits working together to ensure consistent results over the long-term. Therefore, a shift from results to process is required. To start on this path requires a commitment to ourselves that we want something more than a good trade to tell our friends. It requires us wanting a deeper understanding of trading: to master it. To let go of the want for immediate results, we can instead celebrate the progress we make in adhering to our trading process. For me, it can be hard to pry my attention from the wins and losses. But when I do, I gain so much insight that aids in my process. When I focus on how I am approaching the markets, I can create more awareness of tendencies and habits that feed into the results. This all comes from shifting my focus. Therefore, frustration over results can be a powerful reminder to come back to the process, and that’s when I make the most progress.
—Nate Sheth, Language of Markets Member