November 25, 2017

Distraction: the biggest enemy of a trader

... In the daytrader, we see the ability to sustain intense concentration on a number of variables simultaneously.  It is this parallel processing skill that enables the daytrader to act quickly on shifts in buying and selling flows.  Conversely, the skilled investor maintains a depth of concentration over time that allows for a deeper understanding of fundamentals and the supply/demand changes that result from monetary and geopolitical sources.

The challenge faced by these market participants is distraction.  Distraction interferes with focus...

Read more at https://traderfeed.blogspot.in/2017/11/trading-psychology-challenges-6.html

No comments:

Post a Comment