How To Commit To A Trading Decision

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To improve at trading, or almost anything, while in the activity the focus can’t be on the result. Otherwise, we will forever be changing something every time there is a bad result (or maybe even a good result).

One metric/lens I like to view my trading through is 'Commitment to Decision.' The trade is broken down into parts which I can control, my decision, my commitment, my acceptance of results which can be collected to improve future decisions.

There are three parts to this:

1. Decision
2. Commitment level
3. Review decision making, commitment, and results to see how things could be improved.

Note how a focus on outcomes comes last, not first. Yes, we make decisions to get a desired outcome, but the real-time trading process must be focused on decision and commitment first, and only after the trade can we review and assess the outcome in light of our decision/commitment. Focusing on the outcome during the trading process will commonly result in us deviating from the process that will get us the desired outcome.

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