The read was spot on today but I did not trade. I am trying to make sure that I am at an optimal level of focus when I engage and was distracted this morning.
In the past, I would just stubbornly mow through any distractions or technical problems but after an exhaustive review, I have determined that doing this just erodes my edge.
I am always highly concerned about randomness and I think every trader should be. However, the recent adjustments I have made seem to have eliminated the need to be on screen every minute and to hit every setup the presents itself throughout the week.
I want to hit the action hard and with the maximum bet when I am highly focused and the action is allowing for inefficiencies that I can exploit. There was decent action today but I was not as focused as I needed to be and also had some technical problems this morning.
I have also been distracted by other obligations so all this added up to a recipe for a potential Friday stomping.
I must be cautious not to confuse lack of focus with exhaustion or laziness. It is my job to engage everyday and I take it seriously. I will trade rain or shine but have a new focus threshold that must be made in order to maintain the highest possible edge.
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