If we do not consider the luck of some athletes and professional traders, both of these groups have two characteristics in common that have a great impact on their success.
- An exercise that has become a habit of the processes and activities that bring it closer to success step by step.
- Extremely high discipline and order to achieve great expertise and skill in each activity. Then maintain this skill by reviewing mistakes.
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In this article, we want to address why and how you should focus all your attention on trading to eliminate all the destructive factors and achieve continued success. Those with the highest incomes in the world with all criteria in common: they all have very little knowledge and performance in the latest Excellent with. There is an American proverb that says, “Jack of all trades, Master of none.” This proverb refers to people who have superficial knowledge about many subjects but do not have in-depth knowledge in any subject. Such people can never be successful in the business of trading.
Especially people who have gone through all the trading strategies and different trading methods but have not tried to practice and become professional in any of them. This behavior in trading is like a match that only burns one’s capital and its flame catches one and one’s family.
“I’m not afraid of someone who has practiced 10,000 different techniques once, I’m afraid of someone who has practiced one technique 10,000 times.” – Bruce Lee
What do professional traders in the world have in common?
It does not matter to me what you have heard or what you think, none of the best traders or investors in the world, not even Warren Buffett, could have had their place today without too much focus and practice to the point of death.
This is because these traders are well aware that it is not possible to trade for real money by sticking pieces of a few strategies. What you need is one or more limited technical analysis tools that you can easily manage.
Ask any successful trader, he will definitely answer: “I was able to turn my trading record green by choosing a strategy that I was more comfortable with and practicing it hundreds and thousands of times over several consecutive months!”
It can be said with 100% confidence that jumping from branch to branch and changing trading strategies one after the other without much patience and practice will lead to failure.
Complete focus and order
Focus and order are essential to everything in life, everyone agrees on this. But when it comes to trading, and learning is just a trading strategy and becoming a professional, it becomes doubly important and even more difficult.
You need complete discipline and focus to stay committed to one type of price action signal, for example. So that when you see any kind of candlesticks, do not jump up and down quickly and do not take a quick position!
For example, if you decide to go it cheap and risk the low bandwidth you are only fooling yourself. And …. . Your mission is to “professionalize in PIN many times”. To do this, follow the instructions below.
Become an expert in your profession
As Bruce Lee put it, “I’m not afraid of someone who has practiced 10,000 different techniques at once, I’m afraid of someone who has practiced one technique 10,000 times.” Performing a thousand different techniques at once is a waste of time and has no particular benefit. The human mind needs repetition, practice, and habit to make that technique a way of life and to perform it easily. This is just as useful in trading as it is in martial arts and playing various instruments such as the piano. The more you repeat a trading strategy, the easier it will be for you to trade with it.
Only work on one strategy at a time
As you know, the most effective trading method is the Price Action method, which has several different strategies at its heart. To become proficient in the Price Action method and deal with it easily and without worries, you have to trade each strategy separately for a certain period of time, for example, 6 months.
During this time, refrain from practicing other strategies and even thinking about them so that you can reach a degree of expertise. The more focused and disciplined you are during this time, the better your results will be.
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