The Man Who Chased Two Rabbits

It perfectly maps onto human psychology.

Divided attention kills execution.

Everything is moving right now, and I honestly can’t remember a time when so many markets were this volatile at the same time.

That’s exciting for us traders… but it’s also dangerous if you’re not careful.

A few reminders as we head into another busy week.

#1 Pick your market.
If you’re a day trader, pick one market to focus on for the day and commit to it.
Swing traders get a bit more leeway, but even then, you need to be mindful of spreading yourself too thin.
There is more than enough opportunity in a single market right now without trying to chase everything intraday.

#2 Decide on the best play of the day.
Plan it out properly. Know what you need to see, where you’ll act, and how you’ll execute when the moment comes.
Trying to juggle multiple ideas, markets, and directions might work occasionally… but it will never work as well as putting your full energy into your strongest setup.

#3 Watch your energy levels.
We’re processing a huge amount of information right now, constantly digesting, reassessing, and trying to work out the next move. Focus can slip, decisions get rushed, and silly errors creep in.
Step away when you need to. Take breaks. Reset. Then come back ready to rock.

And this is also worth remembering…

If you’re a developing trader, you only need a handful of good trades each week.

eg: Five trades, a 60% win rate, and an average risk-to-reward of 2 is +4R on the week.

No heroics. No overtrading. Just steady, boring execution. Two-to-one. Waiting for your spot.

That’s how confidence and consistency are built. And on numbers like that, you don’t need an obscene R multiple to be very happy with the month…