Trading Focus Is NOT Overrated http://www.netpicks.com/focus-not-overrated/

There are those out there that think that the ability to multitask is a good thing. More things can get done and

it's a good use of their time…

so they think.

I've read research that indicates that while you may get more things

completed, they are not completed at a level that compares to just doing one

thing.

If you believe that if you are going to do something that you should do it to

the best of your ability, perhaps multitasking is not for you.

Even as some of you read this, you probably have more than one browser open, perhaps you are glancing at your

phone, or even reading emails.

Technology may be great but ever see people multitask when out for dinner with someone? I've seen couples and even families eat their food while on their phones yet don't say a word to

each other.

Multitasking takes away from one extremely important variable on the

quest for success: FOCUS

It doesn't matter if we are talking success at relationships, sports, or

doing a mundane task such as washing the dishes.

Laser focus on one thing at a time ensures that you are devoting every

once of brain power and physical ability to the task at hand. This will

allow you to complete that task to the best of your current overall ability.

How does this tie into trading?

Simple.

Let's say you have been working hard at playing failure tests of highs after a market has overextended itself and

you've had some pretty good success in terms of multiple R wins. As a

matter of fact, after a learning curve you are starting to make good

progress.

A. Price was running up, breaks out of a channel, puts in a high and pulls back. B. After a brief pullback, price breaks the previous high, fails to continue and breaks down.

Now you've jumped into a trading webinar and the person leading the

webinar tells you that using a moving average can increase your odds of taking a good trade. You're taught

about moving average slopes and how a sideways average can tell you when

you are in chop.

You decide to implement that into your trading.

Now the trade that was valid before you implemented the average is no

longer playable.

A. Only buys are allowed even though price has failed to make new highs after a solid run up AND a clear exhaustion was present B. Valid pullbacks discounted because the moving average has gone sideways.

You see skipped trades and can clearly see that losing your focus on what is a

fundamental way markets work has been caused by an extra layer of

complication.

You change your rule-set to accommodate the average and start to

rattle off some good trades.

Another guru says that trading the higher time frame trend is the best way to increase the odds of taking a

good trade. You are also taught how to use lower highs and lows as the basis for a trend change from an uptrend to

downtrend.

Makes sense.

You decide to implement that into your trading and remove the moving

average.

This is the weekly chart to compliment the above daily chart. Big run up, a high is put in but you don't see the

pattern that was taught by the guru.

There is no trade for you and the weekly chart does not take out a low until a year after the low was formed!

The guru didn't teach you that the candle I highlighted is actually a pullback on a lower time frame

equaling over 200 pips.

While you miss trades, you do manage to make some good trades over time.

After reading a book about keeping

things simple...you decide to go back to the basic system.

Your goal of being consistently profitable is an arms length away and then you lose focus on what you are doing and add in different layers of

complexity.

Your original trading method never let you down and was performing as

expected yet you decided to change it.

Worse yet, you start back at zero as you go through the process of

mastering each change to your trading system

If you ever read a book featuring successful people, one thing they

speak of is laser focus on one thing.

If it proves itself to not be taking them closer to their goals, they discard it.

But it proves itself to be ineffective. It's not changed simply for change.

When Netpicks releases a new trading system, rules and trade plans come

with it. These have been back-tested and forward tested to ensure that

customers are getting a solid system.

There are those who think that they can change something about the

system…..add an indicator or different rules and when it fails, they blame the

original system.

The truth is that once you lose focus on the original system and change

something, you can no longer point a finger at the system you bought.

It's no longer the same.

Keep your focus and perhaps trading success can finally be yours.

http://is.gd/pearlsofwisdom

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