Trading Lords

EP8: Importance Of Decision Making In Trading


Listen Later

We all make countless decisions daily, both in trading and in life. From the simple act of opening a water bottle to life-altering choices, decisions shape our paths. But how can we ensure that our trading decisions lead us to success?


Join Somesh as he discusses the importance of decision-making in the trading world. He shares the crucial role decision-making plays in the trading world and uncovers strategies to improve your decision-making process and drive growth.


In this episode, Somesh discusses:

  • The importance of decision-making in trading
  • Examples of how past experiences and losses can shape future trading decisions
  • Identifying patterns and root causes of losses with the help of journaling
  • Learning from losses and mistakes to improve future decisions
  • Having a solid trading plan before the market opens to reduce decision fatigue
  • The cycle of growth: Learn - Upgrade - Try - Repeat



Memorable Quotes:


"In order for us to trade well, we have to make better quality decisions."


"The only way for us to know what's good, and what's a bad decision, is actually about trying. If we try and actually learn from my experiences, we will know that if this decision is good or bad for me."



Resources:


Somesh S (@kay_capitals) on Instagram


Kay Capitals on YouTube


Somesh (@KayCapitals) on Twitter


Join The Day Trading Lords Discord 


Join The Daily Trading Newsletter 



If you enjoyed this episode of Trading Lords Podcast, then make sure to Rate, Review and Subscribe to our podcast. Your support keeps us going strong!

Hosted on Acast. See acast.com/privacy for more information.

...more
View all episodesView all episodes
Download on the App Store

Trading LordsBy Somesh S