TOP 3 TOOLS - BOOST UP Trading ACCURACY

Simplify your trading. Trading doesn’t need to be complex. The best traders I’ve spoken too, their trading methodology and strategies are quite simple. When designing a system for yourself, make it understandable and clear to yourself. I think its hard for most- it was for myself- to believe that a simple strategy can reap money from the market. “Making money from the market is hard”, “95% of traders fail”. While these statements are true, a simple strategy that makes money lives in conjunction- my opinion is most people’s emotional interference is the issue. This principle appears to be universal, applying to nearly every subject. If your strategy is complex and hard to understand, is it actually good? Maybe, but it has been said that the greatest minds are able to take complex subjects and break it down in a digestible manner. I think the same can be applied to trading.

Mental Game

Honing one’s inner confidence and listening to one’s inner voice I believe is a huge part of the process. It’s truly great to have a mentor, teacher or learn from various individuals and their resources provided, especially in the onset of your journey. Just as a child with his parents, you must leave the nest and form your own opinions. And these opinions can be molded by your teachers, but it’ll be personalized to your uniqueness. Knowledge of self- our strengths and weaknesses- is what will maximize your potential as a trader. This is a game within us. It’s not you vs. the traders on social media. It’s you vs. you, with you being the only person standing in your way. Modern society is a very noisy world. The one who can silence their mind and ignore the ever-growing distractions that are present will succeed. There are only a few things you need to focus on for your trading, yet there are millions of different indicators, charts and news headlines vying for your attention. The key is finding what is truly important to the strategies you’re executing.

I think a lot of what I discussed in this article can fall under the umbrella of “mental game”; all these topics are intertwined really. Having an elite mindset is what all the top performers have. There are many resources devoted to this topic and the pure scope of its depth isn’t appropriate for this article. I will leave you with two resources that personally have had the most impact for myself: “Art of Learning” by Josh Waitzkin and the general study and practice of Zen Buddhism- with an emphasis on practice. We can do all the theorizing we want; we can read all the trading books in the world, you can never become truly elite without repetition.