In today’s age, it’s no surprise that majority of the worlds billionaires come from silicon valley. Technology has changed our lives more than anything else in the last 10 years.
While there’s a lot of positive impacts that technology has made there’s also a lot of negatives.
Smart phones literally rule our lives.
Next time you go out in public, watch the people around you and tell me what you see.
70% will most likely be on their phones.
To put it simple, we’re always distracted from the present moment. The NOW.
I know you’re wondering.. well what does this have to do with trading?
Well let me ask you, how much time do you spend on your phone, computer, tablet, etc being unproductive?
Now, how much time do you spend fully focused on your trading?
Majority of the time spent on these devices are spent on social media.
If you’re trying to achieve anything in life, the last place you want to look is on social media.
Social media portrays life to be without effort, struggles, hard work, or discipline.
Seeing traders making millions can easily make you emotional and influence you to over-leverage or make greedy choices in your trading.
Not only that, but have you ever truly wondered how these tech CEO’s end up billionaires in a few years?
The whole purpose of social media and other sites is to get your focus and attention. If they can successfully control your focus they can now control your emotions and thoughts.
Whatever you see, your brain processes no matter if you consciously saw it or just scrolled past it.
These companies spend millions per year figuring out how they can keep you consuming.
They want to get you to spend more and more time on their sites so that they can collect more data on your habits and market products from advertisers to you more efficiently.
The time you’ve spent on social media in your lifetime so far could’ve been spent focusing on the present moment working towards your dreams.
Distractions are your worst enemy.
In the next 5-10 years where will you be?
Doing some introspection on what exactly you spend your time and energy on will help you gain insight.
Don’t let society brainwash you, FOCUS.