Mindset Mastery  ·  Module 5

The Long Game

8 units

To really make a difference and take your trading to the next level, not only about knowing what we have covered in the modules before this one, but depends on the evidence you gather about yourself, and your trading thinking, feelings and actions you take, and most traders never gather it.
Only then can we hope to get to the root cause of what may be getting in the way of better results and put the right things in place to make sure what we change makes a positive difference.
So this module opens with principles of reviewing your trading through journalling.

Then we take the longer view. Yes, you can survive trading for decades (but of course we want you to thrive!), and many crash and burn within two years, never to return. The difference is all about a continuous striving for improvement with an ultimate goal of moving towards 'mastery'. We look at this concept in more detail so you can add the learning to your journey.

Unit 28

Journal Review

By the end of this unit you will:

  • Review the importance of a systematic approach to journal review.
  • Identify variables you can measure to inform system refinement.
  • Recognise the five key conclusions that may result from your review processes.
Unit 29

Principles of Trading Mastery

By the end of this unit you will:

  • Define the concept of mastery in a trading context.
  • Describe the foundation principles on which mastery development is based.
  • Recognise the power of choice and what it could mean to you as a trader.
Unit 30

Mastery Processes

By the end of this unit you will:

  • Identify the seven fundamental processes in developing mastery.
  • Assess where you are now with these and the progress you have made so far.
Unit 31

Trading Resilience — An Overview

By the end of this unit you will:

  • Define resilience in the context of trading behaviour and results.
  • Identify the two key areas of trading resilience and the key questions to ask when exploring either.
Unit 32

Trading System Resilience

By the end of this unit you will:

  • Define the term system resilience and what it means for your trading.
  • Understand the concept of drawdown and the circumstances that may make it problematic.
  • Define the term recovery factor and its importance to long-term results.
  • Identify the seven steps to address the importance of system resilience.
Unit 33

Personal Trading Resilience

By the end of this unit you will:

  • Recognise the link between system and personal resilience.
  • Describe the concept of trading virtuous and vicious cycles and the steps that may create a circuit breaker in the latter.
Unit 34

Peak Trading Performance

By the end of this unit you will:

  • Recognise the potential contribution of a “peak performance” state to decision making.
  • Understand the three key “arousal” zones and the potential impact of each.
  • Identify practical approaches to addressing the seven key characteristics of peak performance.
Unit 35

Trading Development Processes

By the end of this unit you will:

  • Identify your current competency profile using the Mindset Mastery Competency Tracker.
  • Prioritise your development areas by likely impact rather than by interest or ease.
  • Construct a written development plan with specific actions and dates.