Setting proper focus when trading is critical. Avoid trader paralysis! One of the biggest mistakes traders can make is trying to focus on too many things causing wasted hours and profits. Discover how to zero in on the right things to achieve your trading goals!
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00:00 Focus 02:10 80 20 Rule 02:40 Elite Trader 03:15 Trading 04:05 Strategy 05:05 Goals 05:45 Markets 07:20 Effort 07:40 Trade management 08:15 Returns 09:40 Risk 10:00 Stop limit
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There are virtually a limitless number of things that a trader could potentially focus on.
If a trader focuses on too many things, they will not succeed.
Nor will a trader make progress if they don’t focus on the right things.
Those right things are the things that are going to make the most difference in your trading.
Not those things that are likely to feel good in the moment or protect a trader’s ego.
As human beings we have feelings, and we want to avoid certain feelings. We want to protect our ego, and we naturally want to avoid work. Ultimately we all want to avoid painful emotions find an easier, faster ways to do things.
Our natural tendency as human beings is to avoid uncertainty and go towards immediate pleasure. There are a lot of detrimental things that we can do in trading that will give you that pleasure, or a relief of pain, as well as many ways to frame things in a way that protects your ego.
Pleasure is important, but realize that the majority of the things that bring short term immediate pleasure are damaging, and therefore unimportant. And focusing on those unimportant things are the things that are going to be damaging to your trading. They’re the things that are going to prevent you from being successful as a trader.
Discover in this podcast how setting proper focus when trading can be the thing that gets you what you want!
We know you will enjoy this insightful podcast where we discuss the many aspects of trading and what it takes to remain profitable over a lifetime. Even more importantly, listen up and discover what not to do as we reveal common mistakes you must avoid in order to be successful in the world of trading.
We would love to hear your feedback so be sure to ask questions and comment on the video.
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