Concentration is a real edge in this game and I would think 90% of traders would get better results if they were able to concentrate more, even if just by an extra 10%.
So if you agree, does anyone have any good ideas/tips.tricks/strategies for either increasing our levels of concentration or being able to hold that concentration level even more?
For me personally, 2 things have helped -
1) Take off all non-trading software related things off my trading PC (and turning my non-trading PC off). So no browsers, email apps and the like.
2) I've recorded a quick sound file which says -
So if you agree, does anyone have any good ideas/tips.tricks/strategies for either increasing our levels of concentration or being able to hold that concentration level even more?
For me personally, 2 things have helped -
1) Take off all non-trading software related things off my trading PC (and turning my non-trading PC off). So no browsers, email apps and the like.
2) I've recorded a quick sound file which says -
- Don't think - follow price
- CONCENTRATE
- Stay in the NOW!
This plays ever 5 mins through my headphones. I typed the words into a text file, put them through this free software and then use this free software to auto-play the speech file every 5 mins.
However, I still find myself losing concentration so I'd be interested to know if anyone has some further ideas on the topic.
Road To Wisdom? To err and err and err again, but less and less and less...