Welcome to the Profit Factor podcast, where host, Taylor Stockwell, dives deep into the world of trading, exploring the edges, processes, and mindsets that pave the way to consistent profitability.
In this episode, he unravels the concept of "process" as a pivotal component in trading success. Join us as I draw insights from the wisdom of Merritt Black, a seasoned professional at Apteros Trading, who emphasizes the importance of trusting the process over individual trading instincts.
Discover the distinction between "edge" and "process" and why they are integral to your trading journey. Edge, often defined as the statistical probability of profit derived from system rules, sets the foundation. However, it's the process that bridges the gap between the idealized edge and the real-world execution by imperfect human traders.
Explore how process extends beyond trading rules, encompassing your daily routines, mindset preparation, and the habits that dictate your decision-making. Learn from real examples, such as the transformation one trader experienced by refining their execution process, resulting in a significant boost in trading performance.
To become consistently successful, understanding and enhancing your process is key. Taylor discusses the role of data in this process, helping you identify areas for improvement and optimize your approach. Whether it's refining your execution strategy, managing trades more effectively, or cultivating a mindset aligned with your process, this episode guides you towards becoming a better trader.
Ready to elevate your trading game? Don't miss out on the Consistency Accelerator program mentioned in this episode, designed to systematically help you become consistently profitable. Visit www.gettheprofitfactor.com for more details.
-----
Want more?
- https://www.youtube.com/@theprofitfactor for some great videos on edge, process and mindset.
- https://www.gettheprofitfactor.com to get coaching and accelerate your journey to profitability.
- https://jo.my/1x1-coaching to book a 1x1 with me and get coaching on your edge, process or mindset.
Popular Podcasts
My Favorite Murder with Karen Kilgariff and Georgia Hardstark
My Favorite Murder is a true crime comedy podcast hosted by Karen Kilgariff and Georgia Hardstark. Each week, Karen and Georgia share compelling true crimes and hometown stories from friends and listeners. Since MFM launched in January of 2016, Karen and Georgia have shared their lifelong interest in true crime and have covered stories of infamous serial killers like the Night Stalker, mysterious cold cases, captivating cults, incredible survivor stories and important events from history like the Tulsa race massacre of 1921. My Favorite Murder is part of the Exactly Right podcast network that provides a platform for bold, creative voices to bring to life provocative, entertaining and relatable stories for audiences everywhere. The Exactly Right roster of podcasts covers a variety of topics including historic true crime, comedic interviews and news, science, pop culture and more. Podcasts on the network include Buried Bones with Kate Winkler Dawson and Paul Holes, That's Messed Up: An SVU Podcast, This Podcast Will Kill You, Bananas and more.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com