Hawai'i Trading Academy | Trading Coaching & Education

Defining Success and Consistency in Trading

those who thrive from those who merely survive. Consider two scenarios: one, where an individual wins the lottery, and another, where someone builds their success as an entrepreneur. The former relies on chance, while the latter embraces resilience—a trait that can withstand and recover quickly from difficulties.Entrepreneurship Resilience: A Skill to be DevelopedIn the world of 9-to-5 jobs, winning the lottery might seem like the ultimate stroke of luck. However, entrepreneurs understand that creating their opportunities is far more empowering than relying on chance. They make their \"lottery\" and print success at will. The study of Powerball winners sheds light on the divergent paths these two individuals take: a 9-to-5 worker might spend a $1,500 windfall, but an entrepreneur will use it to make that sum grow.The Curse of the Lottery vs. Long-Term Wealth of Entrepreneurs:The stories of lottery winners facing tragic outcomes are unfortunately common. Yet, research by Cesarini and hi...

Strategy Lab can help you build that alignment through structured backtesting. When you're out of sync, you're more likely to make impulsive decisions. Building resilience as a trader is key to staying in sync, miss trades, and incur excessive losses.Signs of Being Out of SyncMissed Trades, Increased Losses: If you find yourself consistently missing opportunities or experiencing more losses than usual, it's a clear sign of being out of sync.Breaking Soft Rules: Deviating from your trading plan's soft rules indicates a lack of discipline and focus.Overleveraging: Risking more than necessary is a symptom of being out of sync with the market.Jumping the Gun: Acting impulsively without proper analysis can lead to poor decision-making.Over Analyzing and Second Guessing: If you find yourself constantly questioning and second-guessing your decisions, it's a red flag.External Environment: Changes in the external environment, such as news or personal factors, can impact your trading mindset.How...

day traders, should be working with funding firms. Understanding proper position sizing and risk management is critical whether you trade your own capital or use a funded account? In our recent Edge Up podcast, Reid and Glenn share their personal experience with funding firms and the lessons they have learned. Building your own edge with tools like the Strategy Lab is one way to stay in control of your trading through all these funding firms popping up and disappearing just as fast as they came.Aloha! We are Glenn & Reid, founders of Hawai'i Trading Academy.Our mission: Cultivate & sustain profitable traders.Our ethos: Be honest and transparent as we build our content off of what we consider three pillars of successful trading: Risk Management, Edge, and Psychology.For more information about Trading Education in Hawaii, visit our links below:Bootcamp & Trainings: TV: A FREE CALL: to take the leap to get funded? Click the link below!https://www.surgetrader.com/?afmc=HTAMahalo for listen...