You Had One Job

Have you ever wondered how you’d perform in trading if you were given just one job?

Imagine this.

You’re part of a trading firm that has assembled a team of ten traders.

Your remuneration is good. Solid basic and some performance bonus.

But you have been given a very very specific task.

To focus on one market and one setup during one timeframe.

That’s it.

Eg: You are to trade ONLY the last 30 minutes of the DAX cash session. 1600 – 1630 GMT only or ONLY NQ the 30 minutes before the US equity market opens.

You get the point…

Your remit is to become profitable in that area only.

You aren’t to deviate anywhere else other than that and you have six months before your boss starts wanting to see some numbers on the board.

Could you do it?    

I bet you could…

6 months and nothing to study but that small area.

How would you start?

You’d probably go and print off all the charts from that period for the last few years and study for any patterns.

Maybe you’d start to layer in some context.

• What was the daily chart looking like?
• How much up or down on the day were we?
• What was the prior day’s trade like?

You’d start to explore in so much depth that you’d almost certainly come up with a handful of ways to trade that time period.

I mean you’ve got six months right?

With only one market and one thing to study…

The human mind is very good at solving problems when the problem is narrow and clearly defined.

Consider identifying a very small area of the market that you can focus on.

How would you relentlessly pursue research to harvest edge?

Put a plan together and see what you can do…