Did you know that you can learn a lot about trading from the gym? You see, you gym to tone, to lose weight to build muscle and most importantly training takes discipline. With trading you trade to build your portfolio, build confidence, and grow your wealth. Both require perseverance, consistency and discipline…

Here are the key lessons I learnt about trading from the gym

#1 You have to put in the work every day

Like a regular gym routine, successful trading requires dedication and consistency.

You can’t expect to see results overnight.

As a trader you must constantly educate yourself on market trends, stay informed about global events, and analyze past performance to make informed decisions.

Just as gym-goers must adhere to their workout schedules, traders should establish a daily routine that involves researching and analyzing the market.

#2 You increase your weights just as you increase your investments

When you gym, you gradually increase the weights you’re lifting to build strength and endurance.

Similarly, as you become more experienced and successful in trading, you can gradually increase your investment portfolio.

As your confidence and financial gains grow, you may choose to diversify your portfolio and take on a variety of different assets to spread risk, lower risk, optimise and maximize your returns.

#3 Don’t Overtrain – Don’t Overtrade

Overtraining at the gym can lead to injury and burnout.

And if you overtrade in the market, it can result in financial losses and emotional exhaustion.

It’s essential to strike a balance between staying active and giving yourself time to rest and recover.

In trading, this might mean you:

Set your limits on the number of trades you make each day or week.

Identify the goldilocks zone risk per trade.

Know when to halt trading or lower risk during a drawdown period.

And most importantly…

Remember, trading is a marathon, not a sprint.

So, pace yourself accordingly which is crucial to long-term success.

#4 The best results are seen over time

Both gymming and trading are long-term commitments.

It takes time and dedication to achieve your goals and to identify your trading risk and personality.

In the gym, you can expect to see gradual improvements in your strength, endurance, and overall fitness.

In trading, you’ll gain experience, knowledge, and a more refined strategy as time goes on.

So, stay dedicated, and you’ll be well on your way to achieving your goals.

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