I’ve learned that trading isn’t just about charts and numbers; it’s a deep dive into understanding myself.

Here’s what I’ve discovered:

1. Emotional Management: I’ve found that managing my emotions is key. I celebrate my wins, but not too much, because I know overconfidence can lead to careless decisions. When I lose, I try not to let fear or frustration take over.

2. Mindset and Self-Awareness: Trading has taught me to be real with myself. I don’t let my ego dictate my trades. I’ve become more aware of my biases, ensuring they don’t cloud my judgment. It’s about seeing the market as it is, not as I hope it will be.

3. Handling Losses: This has been tough for me. Accepting a loss without letting it spiral into an emotional disaster is something I’ve had to work on. I now know when it’s time to cut my losses and move on, without letting my emotions dictate my next move.

4. Consistency Over Time: Unlike my passive investments, trading demands my constant attention. I’ve learned from the greats like those in Jack Schwager’s “Market Wizards” series and historical figures like Jesse Livermore. It’s a marathon, not a sprint.

5. Learning and Adaptation: I’m always learning. Whether it’s through books, market analysis, or reflecting on past trades, I adapt my strategies. This continuous learning is what I believe will keep me ahead in the long game of trading.

In my trading journey, I’ve realized that the real challenge is mastering my own psychology. It’s about keeping discipline, learning from every trade, and adapting to the ever-changing market landscape.