Flawless Execution

I am doing daytrading. I trade both forex as well as SP500 E-mini futures. For forex , though the trading duration is round the clock , there are realistically only 3 periods that are most active : London open , Asia open and US market open. For SP500 , the window of opportunity is even shorter. I found that once there is hesitation in any trade decision , then I miss the opportunity for the day altogether. As such , trades execution must be flawless.

What flawless execution means is acting on an opportunity ( either getting in or out of a trade ) the moment you see that it’s an opportunity without hesitation. Once there is second thoughts , then game over …

 Flawless execution does not mean having the perfect trade. Many traders want a guaranteed outcome. And that is the reason why many people hesistate when it comes time to put on a trade or cover an open position. They want the guaranteed outcome , but they realize there isn’t a guarantee , so they fail to be able to put the trade on and act in their own best interest.

The only way you can get good at flawless execution is practice , practice , practice. Just like any skill , it needs to become a habit. The only way for it to become a habit is to do it a lot. I personally prefer a mechanical trading system. It is very similar to flowchart process … and that works fine for me in helping me execute trades flawlessly.

Another practical view of flawless execution - imagine if you come face to face with an enemy. Once there is slightest hesitation , you will get killed first. You actually need to be ruthless and merciless in trading , I feel …