7 Tips to Maximize Trading Performance
Published on Rabu, 03 April 2013
05.42 //
Forex Article,
Forex Tips,
Psikology Trading
We all know how important it is to find
our edge in the markets. Finding an edge could take months even years
but once we have acquired such an edge, it is not the end and expecting
windfall profits could only be a dream which is as good as wishful
thinking. The next step is to work on yourself and develop the right
mindset. Here are some tips that can help you Maximise Trading Performance:
1. Focus on implementing your trading plan perfectly for every trade
2. Focus on long term gains For ex. Weekly or Monthly gains as opposed to results of individual trades
3. Track and analyse performance to closest minute detail
4. Evaluate your actions and make changes on regular basis
5. Keep a positive frame of mind
6. Avoid any conversations or thoughts that instil doubts about your ability as a trader
7. Be a teacher, help others maximise their performance, which in turn will maximise your own
To
find a systematic method that can help you avoid emotions and
discretionary judgement is just the first step. I can’t emphasise enough
how important is to then develop the right mindset. Hopefully the tips
above help. What do you do to Maximise Trading Performance?
Professional traders already have the knowledge and experience to know which trading techniques and trading systems could be profitable and which trading techniques and trading systems should be avoided, but professional traders are not looking for a new trading technique or trading system (because they are already trading correctly). New traders do not have the knowledge and experience to know which trading techniques and trading systems could be profitable and which trading techniques and trading systems should be avoided, and new traders are exactly the traders who are looking for a new trading technique or trading system (and even worse new traders are often still looking for the holy grail of trading).
