I am a big believer in the importance of psychology in the success of traders.
I am currently reading a wonderful book called Trading On Target by Adrienne Toghraie and towards the end of the book is such a great piece of advice for traders that I thought I would share it.
Its called "The secret formula: DRILL"
Using the acronym DRILL Toghraie sets up a method for programing the brain to improve focus. In part as there is a lot of information. I will be writing up a review of the entire book, but don't wait for the review, just buy it now as I am not done with it yet and I already think its a great book.
D- Devour information. If you want to choose where to aim your focus, you must give yourself a platform of knowledge. Without a solid base of information, the space will fill up with fear and uncertainty.
R- Repetition. You must repeat over and over the actions and strategies that you plan to implement so that it becomes a part of your neurological system and part of your thinking....
I Illuminate and ignite with intention. You must illuminate and ignite the energy centers of your body...
L- Leg go. Once you have created your foundation of knowledge and have ignited your passion through repetition and intention, you must let go....
L- Your Last trade does not count. If you won in your last performance or if you did the best that you possibly could have in your last performance, it does not count, so let it go.....
Great exercise and a great chapter on focus. I will follow up with my full book review when I finish the book
