Trading encompasses many ideas and theories and we believe being able to see through the noise is one of the most important. As you dive into your trading career you quickly get to a point where you are staring at a chart trying to determine your style, your edge, simply put how the hell are you going to trade.
For many this question quickly gets answered, then answered again and again and again and yet again. You see there is an unlimited amount of reasons you can come up with to take a trade. As you start to develop you are overwhelmed with skills that need to be learned. From stock selection, technical analysis, journaling, back-testing, all the way to execution and trade management. All of the infinite trades that could be taken become noise. It overwhelms you and makes you see setups constantly. This is where you must focus on one or two setups and stop Bringing the Noise to your trading.
When you limit your trade possibilities it allows you to not only become an expert at those couple setups but it allows you to mature your other skills. When you stop focusing on the noise you can spend time honing your stock selection. You can become a master at writing your trade plan and journaling. You can perfect your risk management.
In the beginning it’s appropriate to play around with different styles and setups. Once you find a couple that feel right then turn down the noise and focus until you can mature other areas. Then it’s time to look at adding a setup or enhancing a strategy that’s all ready working with better entry’s or management. Stop Bringing the Noise to your trading and start growing.