Trading can be overwhelming, especially when you have set lots of tasks and now you are struggling to organize yourself. Do you ever feel like you are wasting time on less important things while delaying what really needs to be done? Or maybe you noticed that anxiety prevents you from taking action?
Take a deep breath and check the tips below — we are determined to help you learn how to switch your <trader mode> on and be your most productive self when you choose so.
1.Write down your to-do list
It has been said many times before, but keeping record of all of your actions is a really good way to enhance your trading skills. Decide on your tasks and determine the time that you are ready to spend on them. If you are planning your strategy or reading the market news – think about the steps you need to take and how much time you need for it. Closely follow the points and mark the finished tasks — it will help you to feel more accomplished. It can be useful to separate your goals and your daily tasks and tackle them step by step. Your notes will also allow you to track the progress you are making, so keep them for the history.
2. Prioritize and remove distractions
Concentrate on your current task and try to follow the necessary steps until it is finished and you are satisfied with what you have done. Ignore distractions and avoid multitasking: instead, take short breaks every once in a while, stand up and move a bit. It will help you rest and you will feel fresh and ready for your next task.
You may try the Pomodoro technique — intensive work for 25 minutes and then 5 minutes of rest. Repeat it four times and then take a longer break for around 20-30 minutes. Then start over with the four intervals of 25 minutes. This technique allows for a maximum concentration in short intervals, ideal for keeping your brain from exhaustion.
3. Formulate achievable goals
You may dream about many things, but in order to achieve them, you need to be realistic. Think about the amount of your investment, your strategy and set a reachable goal based on that. Gradually, you will get there, but you need to take it slow. A realistic approach will remove a huge part of the stress, allowing you to make better decisions.
4. Logic and order over fear and emotions
Making lists and following a schedule is also a good way to manage your mood and emotions. Even in case of a loss, you shall be able to retain composure, as long as you are following your trading plan (which should include some risk management strategies). It will help you not overreact and just move on to the next step or task, leaving you a bit more experienced, but calm. Of course, it is not easy to ignore emotional response, but having a clear strategy will help you not to lose yourself in fear.
These tips will help you optimize your effort and spend your trading time more effectively. Do not hesitate to try all of these techniques and check what results you after a week of sticking to a plan, as self-reflection is important.To the platform
NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
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