In this day and age, it feels impossible to just focus on one task at a time.
You’re already shifting your attention. As you read this!
You’re thinking about:
What to eat, what you’re missing on Facebook, how boring this article is going to be, what’s on TV tonight, bills you have to pay, how else can you make bread for your financial future. Right?
You can’t help it. It’s a disease. It’s affecting most people.
It affected me for most of my life.
And I think it’s one of these reasons why people are:
NOT happy, NOT succeeding with their goals and NOT building their lives the way they want to. It needs to stop TODAY!
Just do me one favour…
Try and focus on one goal at a time.
Get through this article first, move onto the next thing.
Think of a racehorse.
For them to be focused, avoid danger, remain undistracted and see the goal… They need to wear blinkers.
So let’s put on our blinkers and let’s see why tunnel vision is the very skill you need to succeed. Not just with trading. But with every endeavour you embark to achieve and succeed.
#1: Sharper Focus Tunnel vision allows you to concentrate and direct your attention to one thing at a time. Your analysis. Your setups. Your execution. Your modifications. Your reporting and reviewing.
#2: Less distractions
When you cut out your distractions, you will make more better decisions as a trader. It’s a skill.
Put your phone away.
Close your social media windows right now.
Clear your desk and cupboards.
Take the dog or cat out.
Switch off the TV.
Focus on your trading each day or when you do trade.
#3: Better Risk Management
When you are just about to take the trade.
Make sure you double check your maths, volume trading size – according to what your portfolio is currently valued at.
You don’t understand how many people make mistakes with: Wrong sizes, miscalculated levels and incorrect risk and reward.
Protect and safeguard your trades with careful risk management consideration.
#4: Speed up results and optimise your tasks:
When you focus on one task at a time, this might be surprising but.
You will finish sooner than you thought.
When you put in your full – time, capital, and mental energy – you’ll be more efficient, productive and more laser focused.
#5: Reduced Stress Of course when there are less distractions, less worry and less things to deal with at a time – this drops your stress. And I know you have stress right now. It’s the state of the world with the fast-paced connectivity and exponential developments. But when you narrow your life down to one thing at a time, I promise your stress will drop which will help with your trading decisions.
#6: Superior strategy understanding
By concentrating on a particular strategy or system, you will find that you’ll build a more profound understanding to where, why and how you’re putting your money.
Master the strategy and only that one and you’ll see how far you’ll go.
#7: Consistency and perseverance
When you adopt tunnel vision in your life, you will begin to be more disciplined with your approach. This will lead to more consistency in your trading results.
And you’ll find it will promote a stable growth of your portfolio.
#8: Clearer Goals to achieve
Like the horse sees the goal ahead.
When you focus your attention on your goals and what you need to do to achieve them, one step at a time.
You can track your progress more effectively. You can steer your trading in a better direction. You can take control of your trading with lightning focus.
#9: Keeps you in the Now
Time is fleeting.
Before you know it, you’re in bed ready to wake up and repeat the routine.
But what if, because you’re living so much in your head, that’s why time is going so quickly. I mean, right now I am only focusing on writing this article.
And I’m putting in all my heart, energy and soul. And because there are no distractions, I FEEL the present. I feel time going slowly with each typing.
So maybe you should to.
Do everything in the present. Do it with full focus. Do it with heart. Do it with optimism and care.
And this will have a positive effect on your trading.
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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