There are some things within your control and other things outside your control in trading. What do you focus on when trading? Of course, you trade to make money, so there will be some focus on individual trade outcomes. But how much of your focus is on the outcome of each trade?
Focusing most of your attention or being overly concerned about the outcome of each trade has a number of disadvantages. First and foremost, when you focus on the outcome you are placing your focus on something you cannot ultimately control. You can control your entry, position size, risk level, and your exit, but it is the market that will decide the rest.
One of the major principles in stress management and crisis management is focusing on what you have control over, and doing as much as possible to control those variables. Although outcomes matter, it's a better use of energy to focus on what matters and is within your control.
The better traders focus more on what matters and what is within their control. The hidden danger of being pre-occupied with outcomes is that it precludes you from focusing on other aspects that matter; especially variables you do have control over. And if that's not enough, an excessive focus on outcomes makes it harder to improve your performance.
Performance improvement comes when you get better at the things you do, in other words the things you have control over.
-- Andrew Menaker
Aprendizados (Kirk's Report):
- Aprender a focar nas coisas que eu tenho controle direto e imediato e tentar ignorar o resto, como controlar a minha entrada, tamanho da posição, controle de risco e saída da operação.
- Trabalhar em cada ítem acima e diariamente para tornar isso um hábito.
- Focar no processo, pois se tiver um bom processo, eu vou ter melhores chances de sucesso.
Nenhum comentário:
Postar um comentário