Are you aware of the fact that a lot of people trade with the same chance but only a chosen few remain in the market industry? Majority of these people do not earn enough returns even though they have ample knowledge about the stock market and investing. This is because they make common mistakes. If you want to avoid this pitfall, you should not rely in knowledge alone. A great understanding of the market is one of the keys of succeeding in the stocks industry.

While a patient is anesthetized with his chest cavity opened, the head surgeon walks out of the operating room and returns 45 minutes later... The team asks why he left and what happened. "Nothing... I just had to get cash from my ATM machine and make a few phone calls, that's all."

As stock traders, how seriously do we take the markets? 

Do we let ourselves get distracted from our trades that we leave ourselves vulnerable to heavy loses or missed opportunities?

Trading requires 100% of our attention. It doesn't matter if you are scalping, day trading or holding positions longer than a day. Not noticing what is happening in the markets within your preferred trading time frame can have consequences.

Making a profit and avoiding loses just doesn't happen automatically. You must stay aware of what's happening and be clear of what you must do.

You must make an agreement with yourself not to let personal errands interfere with your trading. Take care of all those activities before or after trading hours.

Mental distractions are probably worst that physical ones. They can alter reality, cloud your judgment and cause you to make the wrong decision and take the wrong actions. Day dreaming how you will spend the profits you will make in the stock market is the worst mental distraction of them all.

Distractions do not help you become a better trader. They should not be allowed to interfere with your trading. Take your trading seriously as though your life depends on it.

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