š” The Traderās Mindset: Stay Focused on Your Own Path, Not Others' Mistakes
There are countless ways to trade ā some focus on fundamentals, others rely on technicals. Some prefer the speed of scalping, while others take a swing trading approach. No two traders follow the exact same path, and more importantly, thereās no single ārightā strategy for everyone.
Yet, if you spend any time in trading communities, youāll find people eager to tear down othersā strategies, criticize different approaches, and debate whose method is superior. I know this because Iāve caught myself doing it too.
Itās easy to look at another traderās decisions and think, Why would they do that? Thatās not how to trade! But over time, Iāve realized that this mindset does nothing to improve my own performance. Instead, it shifts focus away from what truly mattersārefining my own system, mastering my psychology, and executing my edge consistently.
The Psychology Behind It
Mark Douglas was a pioneer in trading psychology, best known for his books The Disciplined Trader and Trading in the Zone. His work emphasized that trading success is rooted in mindset, discipline, and emotional control rather than just technical skills or strategy. He helped traders recognize that their beliefs and attitudes shape their results, making self-awareness and adaptability essential for long-term profitability.
He was one of the greatest minds in trading psychology and a mentor from afarāthough I never had the chance to meet him in person.
In Trading in the Zone, Douglas states:
Whatās necessary, he says, is that the individual acquire the traderās mindset. It sounds easy, but the fact is, this mindset is very foreign when compared with the way our life experiences teach us to think about the world.
This resonates deeply. Our entire lives, weāre taught to compare, compete, and prove ourselves right. But in trading, that approach leads to frustration. Instead of critiquing others, Iāve learned to channel that energy into refining my own strategy, strengthening my discipline, and executing with confidence.
The market doesnāt reward opinions; it rewards discipline.
The Danger of Criticism
When you focus on critiquing others, you divert mental energy away from what actually matters: your own trading performance.
- You create unnecessary negativity ā Trading is already a mental challenge; why add more stress by fixating on others?
- You ignore your own blind spots ā Itās easy to see flaws in othersā approaches while overlooking weaknesses in your own.
- You reinforce a fixed mindset ā Growth comes from adaptation, not proving that one way is the only way.
I know this firsthand because Iāve been there. Iāve caught myself dismissing other tradersā approaches simply because they didnāt match my own. But over time, Iāve learned that every trader has their own journey. Instead of questioning why another traderās strategy may not work, I now focus on why mine doesāor doesnāt.
What to Do Instead
Hereās what I remind myself when I feel the urge to critique others:
Analyze, Donāt Criticize ā If you see someone using an unconventional method, instead of judging, ask: What can I learn from this?
Stay Open-Minded ā No single system works in all market conditions. Adapt and refine your approach.
Measure Your Own Success ā Your P&L and consistency are the only metrics that matter. If youāre profitable, why waste time worrying about someone elseās trades?
Practice Self-Awareness ā If you feel compelled to criticize another trader, ask yourself why. Is it insecurity? Frustration? A need for validation?
A Personal Example
Recently, the trading influencer Dan Cheung asked on X:
āWhat are some signs that show a trader is experienced?ā
I replied simply: āDoesnāt criticize other tradersā strategy & decisions as one knows everyone needs their own path.ā
This is something I work on daily. There have been times when Iāve caught myself judging other tradersā strategies, only to realize that doing so added zero value to my own progress.
Dan Cheungās thread was full of great insights from fellow traders, and reading through it reinforced an important lesson: the best traders focus on their own development instead of worrying about others.
Final Thoughts
Successful trading is about managing yourself, not proving someone else wrong. Instead of engaging in strategy debates, focus on developing your own process, mindset, and discipline.
Every trader is on their own journey - respect that, and more importantly, respect your own.
Iām not perfect, and I still catch myself falling into old habits. But Iāve learned that when I shift my focus inward, my trading improves.
What about you? Have you ever caught yourself critiquing someone elseās approach instead of working on your own? Drop a comment and letās talk about it! š