Why Focusing on a Single Instrument Gives You the Specialist's Trading Advantage

A trader I trained and mentored surpassed six figures for August 2020 by trading one instrument, 6A.

Focusing on a single instrument gives him an arsenal of competitive advantages over traders who spread their focus and attention across many.

Game planning, playbook trades, multiple points of evidence, and reading the minds of other players is expertise built on a comprehensive list of skills developed during the mentorship.

Understandably, it takes repetition to achieve proficiency, especially when these skills must be applied in unison to be effective.

For the overwhelming majority, the limitation of our mental resources prevents us from reaching competency in a single instrument. 

'Spreading your wings' is something that you can do once you've achieved a baseline of success in one instrument.

When I traded at a firm, I had to work my way up trading a larger universe of instruments.

All of the professional trading firms I'm familiar with adopt this approach.

Consider this:

Of all the traders competing with each other on the trading battlefield, how many would be on an equal footing to a trader armed with a significant scope of skills optimally tuned to perform in a single instrument?

There is a potent edge that comes with one-product trading. Watch the recording below to see three examples of this upper-hand advantage in quick succession.

👉 Now Watch The Upper Hand Trading Advantage of a Specialist.

Click on the image above to watch.