Archives of “time focus” tag

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It's not the trade, it's the battle

  
  Education
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Too many traders believe that their last trade is a reflection of just how good of a trader they are (but they are the only ones who feel that way about themselves). This boils down to one word – expectation. If you expect to win all the time, or even the vast majority of the time, you’re setting yourself up for a lot of heartache. That frustration, though, is the very same force that will truly make your negative perception of yourself a reality. And even a good trade can be damaging if you let it warp your disciplined approach. The fact of the matter is that this is a game of odds, and should be played over a long period of time. Focus on the war – not the battle.

It's not the trade, it's the battle.

  
  Education
#  #  #  #  #  #  #  #  #  #  #

Too many traders believe that their last trade is a reflection of just how good of a trader they are (but they are the only ones who feel that way about themselves). This boils down to one word – expectation. If you expect to win all the time, or even the vast majority of the time, you’re setting yourself up for a lot of heartache. That frustration, though, is the very same force that will truly make your negative perception of yourself a reality. And even a good trade can be damaging if you let it warp your disciplined approach. The fact of the matter is that this is a game of odds, and should be played over a long period of time. Focus on the war – not the battle.

Lifestyle & Improvement -Links

  
  Education
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  • Lessons from Mister Rogers (GigaOm)

  • Footnotes to success (Stephen J. Cannell)

  • What is the path to success? (Market Folly)

  • Five mistakes everyone should make (CNN)

  • The simple joys of smaller living (Zen Habits)

  • Popular job interview questions (AOL)

  • The top 25 schools whose grads were top rated by recruiters (WSJ)

  • The most recession proof city in America (The Atlantic)

  • Absolutely true nirvana – an email inbox with nothing in it (AVC)

  • How to cope with email overload (Reuters)

  • The five best fax services (LifeHacker)

  • Five ways to waste your time, focus & life (The Positivity Blog)

  • How to improve your patience (The Positivity Blog)

  • Above  articles Just I had read in last 2 days ….Yes u too can click these links and enjoy.

It's not the trade, it's the battle.

  
  Education
#  #  #  #  #  #  #  #  #  #  #

Too many traders believe that their last trade is a reflection of just how good of a trader they are (but they are the only ones who feel that way about themselves). This boils down to one word – expectation. If you expect to win all the time, or even the vast majority of the time, you’re setting yourself up for a lot of heartache. That frustration, though, is the very same force that will truly make your negative perception of yourself a reality. And even a good trade can be damaging if you let it warp your disciplined approach. The fact of the matter is that this is a game of odds, and should be played over a long period of time. Focus on the war – not the battle.

FOCUS

  
  Education
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Have you ever stopped to consider how many different trading strategies there are? How about time frames for each strategy? And what about the best instrument to trade that strategy within the time frame selected? What about the indicators? Which ones are we planning to apply to the strategy? If we were to add it all up there are literally hundreds, if not thousands of strategies, just in one time frame! And what about the other traders trading one of these strategies that may be designed specifically to trade the opposite of what you trade? There is absolutely no way humanly possible to master all, or even a large number of, the strategies available to us. Therefore, we must focus on a particular strategy and become a strategic specialist. In doing so, we defeat the ego’s need to know everything, which we know is impossible in the first place.  With focus, we can think clearly about our specialized strategy knowing when and where to enter and exit the market since we know exactly what the market is supposed to look like to do either one.  This focus helps eliminate the confusion and frustration we experience when the market does not make sense (which is most all of the time!).

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