Focus

In a world that promotes noise and multitasking, is filled with distractions and deliberately caters to our senses, a piece of quiet focus is hard to come by and yet it seems that nearly every mastery of a skill in no matter what filed, requires this focus. A space absent of an aim to get our attention but rather ourselves seeking out a singularity in time that allows to connect to the desired object our outcome of an event, free of doubt and failure. A moment of focus.

In trading there are quite a few tasks that need our focus to get it right: Inner Focus:

Cultivate inner focus through self-reflection, awareness and journaling

Resilience:

Maintain resilience to overcome setbacks, such as draw downs, which are crucial for long-term success

Competitive Edge:

Achieve a flow state for execution process units and conduct thorough research to maintain a competitive advantage

Patience and Restraint:

Recognize that patience is key; exercise restraint to only execute class A trades.

Honor the principle that not trading is a position.

Process Over Outcomes:

Focus on following a strategic process rather than fixating on individual trade outcomes.

Work Ethic:

There is no such thing as talent and genius, your biggest edge is putting in long hours.

Learning from Mistakes:

Continuously learn from mistakes and implement processes to avoid repeating them.

Decisive Action:

Act decisively when opportunities present themselves and retreat quickly when they pass.

Conviction-Based Trading:

Check the "health" of your self confidence and qualify your trade setups in categories to adjust position sizes accordingly.