Trading can be difficult, especially when you set yourself many tasks and then it’s impossible to execute the work. Have you ever spent time on things of secondary importance, putting important things off? Have you noticed that fear prevents from acting?
Take a deep breath and read the tips below — we are ready to help you learn how to be a “productive” trader.
1. Make a list of errands
We have been already mentioned many times, that the better way to improve trading skills is keeping records of the actions. Define tasks and allocate the time you are ready to spend on it. When planning a strategy or reading market news – think what you need to do and what time it may take. Go step by step and mark tasks you’ve completed – this will help you gain a sense of completeness. It is useful to divide the goals and daily activities into small steps and then implement it in a successive order. Your notes will also allow you to see your own progress, so do not get rid of them.
2. Define priorities and don’t get distracted
Focus on the current task and try to make all necessary steps to solve it. Ignore distractions and avoid multitasking: instead, take a recess periodically, like standing up and moving around a bit. So you can relax, recharge and prepare for the next task.
You can try the Tomato technique-intensive work for 25 minutes and then 5 minutes of rest. After four of these sessions, take a longer break for about 20-30 minutes. Then work again 4 intervals of 25 minutes. This method helps to focus and not fatigue.
3. Set reachable goals
Dream about many things, but in order to achieve them, you need to be realistic. Think about the amount you want to invest, strategies, trading, and set a reachable goal from this. You will gain the object but you need to do it gradually. A realistic approach relieves a huge part of the stress, allowing you to make more informed decisions.
4. Logic instead of fear and emotions
Making lists and following a timetable are good ways to modulate emotions. If you follow trading plan (which should include some risk management strategies) you can control yourself in the event of a failed bid. This will help you to avoid unnecessary actions but proceed to the next task and stay calm. Of course, it’s not easy to have a level head, but a clear strategy will help you.
These tips will help you optimize your efforts and trade more efficiently. As self reflection is an important thing – you can easily use these tips and take a look at your results in a week.