Be Open

3 Ideas From Me

1. Day trading is not like a normal job. That’s the first thing you have to be open to.

An experienced rideshare driver reached out to me recently and asked if he could make $300 a day as a day trader. I understood why he asked it that way. That’s how his current job works. You drive, you earn, the math is roughly linear. Day trading doesn’t work like that. You show up and do the same work every single day, but the money does not arrive every single day. Many days, you lose money. Being open to that reality, before you ever risk a dollar, is the first requirement of this profession.

2. Be open to changing your system. That’s kaizen.

Your system is not supposed to be finished. It’s supposed to evolve. I used to trade ES futures exclusively. Now I trade both ES and NQ, more opportunities, and paradoxically, more selectivity, because I can be pickier about which setups I take when I’m not limited to one instrument. That change only happened because I stayed open to the idea that the way I’d always done it wasn’t the only way, or even the best way. Kaizen isn’t a one time fix. It’s a standing willingness to keep asking the question.

3. I began to ask myself: is there a better way to prepare my mind for trading?

Be open to life’s lessons. This is true of everything, but it’s especially true of day trading. I’ve meditated my whole life. Recently I added breathing exercises, holding my breath for one to two minutes, and it’s teaching me things about my relationship to stress that meditation alone never fully got to. That kind of openness matters in every part of life, but it matters more here. More than being a rideshare driver, being a day trader is closer to being an artist. It requires a level of creativity and risk that a linear job simply doesn’t ask of you.

2 Quotes From Others

This is kaizen in one sentence, written two thousand years before the word existed. The market will show you, constantly, that what you think or do is not right. The only question is whether you happily change or whether you defend the position anyway. One of those paths gets you a better system. The other gets you the same losses on repeat.

Trading forces the examination whether you want it or not. Your P&L is a running record you can’t argue with. But most traders stop at the P&L and never examine the rest: the breathing, the stress response, the rituals, the mind that shows up each morning. The account is only one part of the life. Socrates wasn’t talking about spreadsheets.

1 Deeper Dive

Be Open

There’s an old story about a university professor who went to visit a Zen master to learn about Zen. The master served tea. He poured his visitor’s cup full, and then kept pouring. The professor watched the tea overflow until he couldn’t hold back any longer. “It’s overfull,” he said. “No more will go in.” “Like this cup,” the master replied, “you are full of your own opinions and speculations. How can I show you Zen unless you first empty your cup?”

That story has stuck with me for years, and I think about it every time I catch myself certain I already know how something works. A full cup can’t receive anything new. Neither can a trader who’s decided his system, his read on the market, his relationship to risk, is already finished.

Here are a few things that have actually moved the needle for me, none of which involve a chart.

Build a part of your day that is dedicated to doing nothing. It could be meditation. It could be a walk. Just twenty minutes, with no goal attached to it, to let your mind reset and let fresh ideas actually have room to sprout. We fill every gap in the day with input, news, charts, phones, and then wonder why nothing new ever occurs to us. Nothing new occurs to a mind that’s never quiet, and nothing new occurs to a cup that’s never emptied.

Ask yourself, regularly, is there a better way to do this? Or, if I didn’t do this at all, what’s another way to accomplish the same goal? Most of us run our process on autopilot long after the reasons for doing it that way have expired. The question isn’t there to make you doubt everything. It’s there to make sure you’re still choosing your method on purpose.

And most important, notice when you have a persistent feeling. I’d been thinking about adding breathing exercises to my routine for months. Months. It finally made it onto my to do list, and yesterday, sitting in a coffee shop, I found a YouTube video and sat there for twenty minutes. The thrill and clarity I felt holding my breath through the discomfort and fear, for two minutes, was enlightening. That feeling had been trying to get my attention for a long time before I finally listened.

That’s the whole point. Pay attention to the persistent feeling, that little inner voice that keeps circling back no matter how many times you file it under later. The best stuff, the changes that actually move you forward, almost always comes from within. Your job isn’t to generate it. It’s to keep your cup empty enough to notice it when it shows up.

Trade safe,
Jay Cradeur
Founder, Day Trader Dojo

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