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 , with regards to trading strategies. For some it means just short-term trading , for others it may mean just doing swing trading , for some others it may mean longer term investment … but it may not mean just taking all this stuff , which is exactly what some traders do. They trade all time frames !

One Formula means - you decide and define your trading time frame and stick to it until you become very successful ; thereafter you may then consider doing other trading strategies.

Success in trading comes only from focus and achieving consistency in one formula , or strategy.
I had been drinking Coke for few decades , since childhood days. I do not remember it tastes any different then and now. It seems like Coca-cola has only One Formula in their original drink recipe.

Likewise in trading , we just need to find the right formula to enjoy success forever …