A good and efficient trading process helps you find the profitable trades at right time and enter and exit them with mnium risk. If the process is efficient you spend less time on finding good trades.
Objective of efficient trading process should be to reduce your time periods finding trades. As your trading experience grows you should be able to make money with least amount of efforts.
many times you hear stories of traders spending hours after close looking through thousands of stocks to find good trades, they often boast of their superhuman efforts. But what might be hiding behind it is inefficient process or lack of proper scanning tools.
The first step is developing efficient trading process is defining your setup. a well defined set up will help you design efficient process very quickly.
Another key to developing efficient process is sacrificing width for depth. Fewer things done well is more profitable than doing lot of things suboptimally.
Objective of efficient trading process should be to reduce your time periods finding trades. As your trading experience grows you should be able to make money with least amount of efforts.
many times you hear stories of traders spending hours after close looking through thousands of stocks to find good trades, they often boast of their superhuman efforts. But what might be hiding behind it is inefficient process or lack of proper scanning tools.
The first step is developing efficient trading process is defining your setup. a well defined set up will help you design efficient process very quickly.
Another key to developing efficient process is sacrificing width for depth. Fewer things done well is more profitable than doing lot of things suboptimally.
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