Four Trading Performance Enhancers

I was going to post the following article “4 Mental Keys That Help My Trading Performance” on Twitter, but I felt it was so good that I wanted to document it here to reference it on a later date. It’s relevant given the discussion on the last post on how it’s easy for traders to be right and wrong at the same time. You’ll have to click on the article above to read the whole piece and I highly recommend it. Here are the 4 keys it covers and an extremely important concept it touches upon: 

the winning traders focused their attention on a small niche in the market or a few techniques, rather than trying to be able to do everything.

Insight #1: Why do most traders lose most of the time? Markets can spin on a dime and most traders cannot.

Insight #2: It’s not the trade, it’s the battle.

Insight #3: The amount of (or lack of) evidence for a market move does not make the move any more or any less likely.

Insight # 4: What’s the difference between winning traders and losing traders?