Every day, we compete with each other. One trader's TP is another trader's Stop Loss. So, who wins at the end? The Focused, Calm, Emotionally-Intelligent trader will always take the money of the FOMO, Emotional and Unfocused trader.
So - what can be done to ensure you win? Trading is about Focus Time = Energy Wasted. Energy Wasted = Loss of Focus and Edge. The more time you spend on charts, the more energy you waste, the smaller your edge becomes. The less you trade, the better you will perform.
Why is that? You have a Performance Edge You will always have an Edge over the other traders - Focus, Calmness, Objectivity.
Traders who spend 8 hours on charts never have an edge. They are spending time on charts because they want to take a trade and they ended up getting into a forced trade and lose money. They get beaten by traders who know when it's the right time to trade and when it's not.
So - pick a trading window and dedicate full focus, Take your trades and then rest.
When the market is unclear - Rest. When there is heavy news - Rest.
And like a sniper - show up Fresh at the right time, while the impatient are already blown up.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.