Boost Your Performance

If you are trading but you believe your performance could need a tune-up or you are looking for better results, there are a few things you can do to help boost your performance. 

This first one is one that most rookie traders don’t contemplate and that is to prepare for the Trading Day. Most new traders just power up their computers and immediately start looking for trade setups. You will want to do your homework and review the market and the possibilities the day before and then update anything before you start trading. You will want to identify and check the Key Market Levels and major swing levels as well as make sure you know what news is scheduled. Of course, you will want to check the trend on a larger time-frame chart and be prepared. 

The next thing is one that has been most likely said to you over and over again…and that is you MUST stick to your TRADING PLAN. I know…but how many times have you gone on to make trades that were just hunches or gut feelings. As you already know it’s better to stick to your PLAN. 

The third thing is to get rid of distractions. When you are trading it is best to switch all that STUFF off and just say no to Facebook, Instagram, or whatever it is for you and just concentrate on trading. Trading is an arduous mental task and needs complete focus. 

The fourth is to get a good night’s sleep. This is overlooked and thought of as irrelevant. But one of the best things you can do is to make sure you are completely rested and mentally prepared. 

Last but not least is practicing the 80/20 rule. 80% of your results typically come from 20% of the efforts. It’s true in most aspects of business and life. So, prepare yourself to find and hunt out that 20% of things that will make an 80% impact on your trading. 

To your success.