Trading Strategy & Risk Management - The trading industry emphasizes the scarcity of focus and attention as critical resources for traders [1] - Overtrading, poor trade management, and small losses are often the result of not knowing what to look for in the market [1] - Filters such as expectancy, frequency, time frames, specific setups, instruments, and time of day/week are needed to refine trading [1] - The industry suggests that most of the time, there isn't a trade available [1] - A well-defined trade should be easily identifiable [2] - Constantly searching for trades indicates a need for better trade identification [2] - Simplicity and focus are key to successful trading, advocating for "less is more" [2]