While making money as a trader is always nice, to do it consistently and reliably is really the main objective.
I mean, even a blind squirrel finds an acorn from time to time.
But if you want to thrive as a trader, you simply must focus on your consistency.
Not the profit or loss on each trade.
Not the headlines or the charts.
Focus on your consistency – an an input rather than an output.
Since you are already trading, the first step to improve your consistency is to simply focus on the process of trading itself.
Trading IS a process so the concepts of process control and process improvement definitely apply here – and can make your trading more productive.
The second step (usually the first for those that haven’t already begun live trading) is to focus on your operation as a whole.
This means taking a serious look at your trading business, stepping back far enough from the tree in your face to see the whole forest.
If you do, you will find that you have a better bottom line at the end of the month and the year.
“Focus on the process” is what has transformed many companies in many industries into market leaders and highly admired organizations. Best of all it really does make matters much simpler and much more enjoyable.
Not sure how to make it happen in your trading business?
Have a great end of the week!
Cheers
Brian
“The Trading Turnaround Coach”
P.S. When you broaden your focus you see more clearly and with less stress because things fall into a more proper perspective – and you’ll find that addressing issues and making real progress becomes easier.