Specialize in a few markets/instruments

...continued from yesterday

Today's blog is the second in a series of articles about a study mentioned in the blog on Monday February 5, 2007 entitled "Commitment & Passion Don't Distinguish Winning Traders From Losing Traders".

While committed focus on trading does not distinguish profitable from unprofitable traders, another type of focus does.

Being focused in the sense of specializing in one or just a few markets/instruments does distinguish the profitable from the unprofitable traders. The aforementioned study indicated that profitable traders do specialize in one or just a few markets/instruments, some for many decades.

On the other hand, unprofitable traders quickly and frequently change markets, instruments, gurus they follow, and newsletter advisory services that they use.

continued tomorrow ...

Copyright 2007 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
eMail me Comments