Whether you’re a seasoned trader or just getting started, it is always tempting to keep shifting strategies to try and find the trading holy grail.
Unfortunately, no trading holy grail exists. You can, however, drastically improve your performance by honing in on strategies that you keep coming back to no matter what.
You’ve got to focus on one or two core ideas and stick with them. Here’s how to do that:
- Assess what is important in your trading life. What are the outcomes you’re looking for.
- Simplify, constant switching of mechanisms means you’re overloaded and your performance will degrade.
- Clear everything on your trading day schedule. Don’t book appts that will affect your trading.
- Always stay in the moment. The Market Profile tool helps a trader stay in the moment.