Click here to read one of the most interesting economics blog entries I've seen this year. Justin Fox, the Curious Capitalist, mentions that Simon Robinson's article about the Indian Rupee just isn't getting the attention it deserves. Click here to read Simon's article in full.
Justin's blog entry and the article about the Rupee started a wave of thinking: it's one thing to say that certain blowhard Congressmen are focusing too much of their attention in the wrong direction. It's another thing to ask: where am I focusing all of my attention? Am I spending time on the right stuff?
It seems that lately I am getting more and more email from people who are on the verge of trading success but who are giving up when they realize that they are going to have to spend another month or two backtesting, failing, trying again, testing more, keeping records of their results, getting feedback on those results, and so on. This type of investment of time just isn't what they are willing to give. So what do they do? They focus on other systems that haven't been tested, which offer a seemingly easier path to wealth.
The result? They end up very unhappy with their trading performance, having lost money, and having wasted time trading something that they hadn't spent the time to test.
What are you obsessed about? What are you focused on in your own development as a trader?
