We’ve all heard that only about 10% of people make it in the trading business, so how do they do it? What is their mindset like, what is their trading process and routine like? What are they doing that you are not? In today’s lesson, I am going to give you some insight into these questions that will hopefully be the catalyst for a significant improvement in your trading performance.
Lower your trade frequency
How frequently are you trading? Once a week? Three times a week? Twenty times a week? Maybe it’s so frequently you literally have no idea? The odds are, that if you are not in the 10% of consistently successful traders you are probably trading far too frequently.I know that for me personally, the biggest ‘ah ha’ moment in my trading career was when I realized that I could dramatically improve my trading results by simply being more patient; by waiting for only high-probability ‘absolutely obvious’ trading opportunities.
