How to Trade Less and Make
More
by Frank Soler of SolerInvestments.com
Wouldn't it be great to spend less time trading while increasing
your profits?
Luckily, decreasing the amount of time you spend trading
helps to improve your results.
By forcing yourself to spend less time in front of your
screens, you accomplish numerous favorable results. Just
to name a few:
- The more time you spend in front of the screen, the
more time you'll have to convince yourself that you should
be taking trades (over-trading)
- Taking fewer trades will equal taking fewer
bad trades
- You will be more focused during the shorter time you're
in front of your charts, which equals finding
better trades
- With fewer hours spent trading, you'll have to trade
fewer markets (which is so important and a great topic
for later), but this is very good
- You'll start to spot the set-ups you're looking for
much quicker, allowing you to swiftly ignore charts that
don't show these set-ups
- Not stressing out watching the trades that you're in
minute-by-minute equals less stress (even watching a profitable
trade too much will increase your stress level)
- If you do anything too much, even if you love it, you'll
start to hate it (at least a little bit)
- Physical benefits such as less sitting, less strain
on your eyes, more exercise (hopefully, since you'll have
more time)
- Simply less time spent trading will give you more time
to do other important things (family, reading, traveling,
etc)
These are just some of the benefits of spending less time
trading, there are many, many others.
Just to be clear, you still need to dedicate time to viewing
your charts and paying moderate attention to them.
However, I would venture to say nearly all amateur traders
spend way too much time in front of their screens. And,
you don't want to trade like amateurs, do you?
Frank Soler is a successful trader and Registered Investment
Advisor. His company provides real-time Forex,
Futures, Options, and Stock Picks, an eye-opening Trading
Blog, and a free
online trading education center.
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