Sometimes, even after meticulously planning and executing a trading strategy with precision, things still don't go as planned. Dealing with this can be frustrating and costly, but how you handle it can be crucial in determining the survival of your trading account. Often, we become entrenched in a particular way of doing things without pausing to analyze whether it's effective or if there might be a better approach. I've witnessed salespeople using the same pitch repeatedly, regardless of its success rate. Instead of adapting, they blame external factors like the economy, the product, or the prospect. Similarly, traders sometimes cling to a failing strategy rather than adjusting to evolving market conditions and developing a new approach. Finding the balance between abandoning a tactic at the first sign of difficulty and persisting with a failing strategy for too long is essential. If you quit your trading strategy every time you lose on a trade and jump to ...

   When you trade, you need to focus. An unfocused trader misses trading set-ups and also takes trades that should never be traded. Have you ever taken a trade and then later reviewed the trade only to say to yourself: "Why did I even take that trade?!" That is an unfocused trade. Another sign that you are not focused is when you are reviewing your trading day and see a classic set-up and wonder why you never took the trade. Its because you were not focused.  I’m trying to take my trading focus a step further to what I call “Deep Focus”. Recently I’ve been thinking a lot about focus. In my own trading and analysis work, I’ve found interruptions to deep focus have led to poor trading outcomes. A state of deep focus is where you need to be, when you are doing what you do best. Most of the time we are in a sort of shallow focus while we are working. We are getting the job done, but are constantly distracted. This is a state of constantly moving away from your work to c...

  As traders, we can get overwhelmed easily. Technicals vs fundamentals, quants, seasonality, volume profile and anchored VWAP. Dollar cost averaging, scaling out, hitting the bid and lifting the offer. Event driven or systematic? All you need to focus on is your next trade. Make one great trade and then focus on your next great trade. Take it one trade at a time and you'll get better and better. Here are four things you can do now to get better at trading. 1. Be Intentional Successful people direct their attention better. They focus on the things that matter the most right now. Distractions are all around us. Getting more intentional about the important stuff will lead to success. For example, Michael Phelps credits his ability to concentrate and block out distractions as a key factor that helped him break world records. Spend more time working on your trading. Review all your trades after the close. Learn from your mistakes and your successes. Focus more when you are trading...