Formula One , One Formula …
I love watching Formula One racing. This is the highest class of Grand Prix racing , I guess. The ” formula ” in the name is a set of rules which all racing participants and cars must meet.
I am trying to relate Formula One or F1 , to our trading world. That is right - we have Rules to follow in trading too. We set our own trading rules. We need only One Formula ( correct one ) to be successful in trading.
I am not sure how many of my fellow traders would agree or disagree with me …
Trading is all about focus. We cannot do anything well without being totally focused. Focus means you must first get rid of distractions , and annoyances to your goal or lifestyle. Then you need to continually define and redefine your formula so that you can work on focus to and fro for that formula.
As traders this means we need to identify what our personal market focus is. We need to define what our formula is …
