At Mythic, consistency is one of our most valued lessons. The critical question we ask ourselves is:
What models or time frame can we execute that doesn't clash with our current lifestyle?
It is crucial to understand that day trading requires a full-time commitment, while swing trading is a better option for those with other daily responsibilities. To determine the most appropriate time frame for trading, you must objectively evaluate your life. The most expensive trading mistakes come from missing out on significant profitable trades, which can be infrequent. Without a crystal ball, it is impossible to predict big winning trades. Consistency in executing your trading process is crucial because it will enable you to seize the trades that determine the bottom line!
On Twitter,
is an expert at aligning his lifestyle with his trading style. A recent post on the subject, detailing his daily and weekly routines, is below:https://twitter.com/mikegyulai/status/1709972465617862775
It's essential to live your life in a way that aligns with your values and beliefs, and choosing a model that reflects this can be a great example. The most crucial aspect is consistently showing up and following your process, irrespective of the results. This practice helps in building resilience and trust in your approach. We have learned over time that having faith in yourself and your process is crucial to achieving the desired outcomes and goals you hope to accomplish by trading. We have control only over ourselves. Therefore, we must consistently show up and follow our processes.