Narrow Your Focus

July 8th, 2020

Are you a day trader or trading hobbyist? In this 1-minute video highlight, watch as Tony Peterson of The Intentional Trader sites some specific examples of simplifying your trading outlook and better defining your approach to the market.

“Don’t try to be all things,” Tony explains. Many traders try either too many approaches or trade too many markets. This can dilute focus and be counterproductive. Instead, Tony advises that traders “become a specialist at something” in order to hone a trading edge.

“The best recipes have just a few ingredients.” Tony emphasizes the importance of ‘less is more’ when trading, and how a simple approach can often be the best approach.

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