5 Areas to Improve your Trading – Part 2 – TIME
Time is all we have.
It’s also something you can’t get back but it’s something you can utilise and take advantage of.
With trading, you need to use your time wisely,
In this part we will talk about how you can improve on this aspect.
#1: Be Punctual
One of the most important aspects of successful financial trading is being punctual.
Be sure to arrive at your trading desk or platform on time.
Be ready to take action when the markets open.
Be prepared for when trading opportunities align and when they are ready to execute.
Don’t miss these opportunities, because it just takes ONE big one to take your portfolio out of your drawdown and in the green.
#2: Don’t Miss a Day
Missing a day of trading could lead to missed opportunities and lost profits.
Be sure to stick to your trading schedule and avoid missing any trading days.
And if you miss a day, make up for it the next day. Spend extra time on analyses, execution and even during your evaluations and tracking of your portfolio.
#3: Set a Reminder
To help you stay on track with your trading schedule, set a reminder on your phone or computer.
Even better. Set an alarm for when you know you need to trade.
Time slips by so quickly and we can get distracted in the day.
How many times have you forgotten to have lunch, drink water and miss your favourite TV show?
Use your timer and set reminders with trading. This will help you to stay focused and ensure that you don’t miss any important trading opportunities.
#4: Sticky Notes
Sticky notes can be a helpful tool for staying organized and focused when trading.
Use sticky notes to remind yourself of important dates, deadlines, trading setups, ideas and trading strategies.
Also use sticky notes to maybe have a plan on what you need to do as a trader that day. They help and are great to bring to your notice with the actions you got to take.
Stay tuned for the next article where we work on improving different areas of our trading lives.
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