Focus On Trading Process And Not Results

An important part of building your portfolio is to focus on the actual process and not the trade results. At every odd or end of the market is a human, even the computers are run by people in a building somewhere. So a logical and analytical approach isn’t always a good one. In fact, this can leave one tunnel visioned on the results, which are ultimately your end game.

Key Takeaways:

  • focus on the entire trading process from start to finish
  • After seeing low momentum in the move upwards, strong selling action took place
  • When you see a strong thrust out of the range, you look to initiate a short at the close

“During my communications with new traders, many times they judge performance by a handful of trades. If the system or method has piled on the winners, they credit the system and they credit their own trading ability.”

http://www.netpicks.com/trading-process-success/