Your Daily Process Can Be Killing Your Career or the prospects for your trading career. Professional traders bifurcate their trading day into preparation and tactical. After the close, pros get prepared for the next day in terms of research and running their models. During the following day, they spend their time focusing on trading tactics and managing risk. This type of focus on your behavior provides a platform for enhanced performance due to your focus. If you try to do 14 things at one time while trading, the lack of focus can lead to your making errors, missing trades, or taking small losses. This is a short list of what can happen... I would not try to find trades "on the fly." That's amateurish and chasing trades or markets is not a sound strategy in order to build a long-term track record on your P&L, nor is it behavior that you can replicate for years and years energy-wise. Do your work the afternoon or night before, and spend the next day executing the plan. Don't waver from this discipline. It will serve you better.
Your Daily Process Can Be Killing Your Career or the prospects for your trading career. Professional traders bifurcate their trading day into preparation and tactical. After the close, pros get prepared for the next day in terms of research and running their models. During the following day, they spend their time focusing on trading tactics and managing risk. This type of focus on your behavior provides a platform for enhanced performance due to your focus. If you try to do 14 things at one time while trading, the lack of focus can lead to your making errors, missing trades, or taking small losses. This is a short list of what can happen... I would not try to find trades "on the fly." That's amateurish and chasing trades or markets is not a sound strategy in order to build a long-term track record on your P&L, nor is it behavior that you can replicate for years and years energy-wise. Do your work the afternoon or night before, and spend the next day executing the plan. Don't waver from this discipline. It will serve you better.
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