Day 3: Building Discipline for Trading and Life

Overview

• This boot camp/course will alternate between trading themes and discipline/mindset themes.
• Emphasizes that psychology and mindset in trading are crucial but often neglected in many courses.

Key Points

Importance of Discipline

• Discipline is as important as trading skills for achieving success.
• Trading strategies can be the same for everyone, but mindset makes a huge difference.
• Discipline impacts not only trading but overall life success.

Today's Focus: Laying the Foundation for Discipline

• Focus on building discipline without directly tying it to trading initially.
• Understanding that improvement in life will lead to improvement in trading eventually.

Psychological Benefits of Discipline

• Confidence in oneself improves once discipline is achieved.
• Confidence helps in making decisions in trading and in life smoothly.
• Being mentally strong allows you to not be affected by others' judgments.

Building Good Habits

• Start by developing a single positive habit and commit to it every single day.
• Example habits: going to the gym, reading 15-20 pages of a book daily, etc.
• Make challenging but achievable goals to push yourself out of comfort zones.
• Comfort in old habits keeps people stagnant; improvement comes from breaking these habits.

Forming a Habit

• Habits form over 21 days; routines solidify around 60 days.
• Importance of persistence even as initial motivation wanes over time.

Consistency Over Motivation

• Motivation fades; discipline ensures consistency.
• Understand that anyone can be successful if they have a disciplined life.
• Always seek self-improvement and never get too comfortable.

Homework/Assignments

1. Choose one positive habit to develop and commit to it daily (starting today).
2. Make sure this habit challenges you and is outside your comfort zone.
3. Document your journey (optional): Taking photos, recording videos to see progress, sharing on platforms like TikTok for accountability.

Examples of Positive Habits

• Daily exercise, reading, learning a new skill, going for a walk, journaling, etc.

Embrace Uncomfortableness

• Improvement comes from breaking out of comfort zones consistently.
• Seek areas in your life that need change and work on them daily.

Emphasize Importance of Discipline in Trading and Life

• End goal is to become a transformed, improved version of yourself by the end of the summer.
• Building discipline in life directly correlates to success in trading.

Final Thoughts

• Documenting progress can aid in self-accountability.
• Engage in this journey as a community effort; support each other.
• Prepare for coaching and check-ins to stay on track.

Conclusion

• Start with small steps today. Embrace discomfort as a path to growth.
• Continuous effort and discipline are required to achieve and maintain success.
• Stay committed to personal development both in trading and in life.