Skip to main content

Are You The Turtle Or The Hare?

 What would you rather have the perfect trading system or the perfect soul-mate? 

Don’t answer that out loud! 

I would venture to say that most traders are so “into” their trading that they would hesitate and ponder that question. 

 

By the way, the answer is the perfect soulmate. That’s because there is no perfect trading system. 

The perfect trading system is the right system for YOU. 

Let’s assess. 

Are you the Impatient Type? 

 

Let me stress here that by impatient, I mean that you don’t like the notion of waiting more than, say, a day, to see your trade results. 

You use logic like “I don’t like to stay in a trade overnight, because that’s where the risk is…anything can happen in these crazy times.”  Or… 

“My signals are just as valid with a 60 second chart as they are with a weekly chart and I’d rather be able to keep adjusting.” 

 

These things that you say to yourself (valid or not) come from your inner-self trying to move you to comfort. 

Are you the Position-Trade Type? 

You say, “The market can be controlled short-term, but eventually the fundamentals come home to roost.” Or… 

“I’m not looking to eat up my capital in transactional costs. As far as I’m concerned, the trend is your friend and I’ll stick with a trade.” 

Are you the Where The Action Is Type? 

You tend to think, “A signal is a signal, whether it’s on a 2-minute chart or a monthly.  When my signal sets up, I GO!”  You add, “Sometimes I don’t even know which (stock/commodity/currency) I’m looking at.” 

 

“That really doesn’t matter to me. I just care about the technical pattern.” 

 

I won’t bore you with more types, because they are unlimited. In my coaching of traders for years, these above types are  the predominant ones. NEXT GROUP STARTING 10th october 

There is no right and wrong type. 

There is only assessing which type you are comfortable with perceiving yourself as and then committing to a trading system that reflects that type. 

There are plenty of winning trading systems, of all types, that can be very successful. The best way to have a good system work for you is if you can follow its signals without hesitation. 

 

You are more likely to follow your trading signals if the system “agrees with you.”  Now look inside yourself.  Then commit to following what your tested system tells you to do! 

 

You must win the BATTLE WITHIN YOURSELF first, before you can win in the markets. 
FOR MENTAL FITNESS OF TRADER SERIES CHECK LABELS ON : BLOG 
FOLLOW ON INSTAGRAM  | TELEGRAM FOR TRAINING UPDATES : WISEMANTRADING 
WHATSAPP : 9773770675 

Labels:

Comments

Post a Comment

Popular posts from this blog

The Greatest Trading Book – Ever!

  If you‟ve noticed the small number of pages in this blog, you may suspect that this is not the Greatest Trading Book – Ever! And you‟d be correct. But don‟t worry; there‟s a simple explanation. This blog will explain exactly how you can create The Greatest Trading Book – Ever! You see, it‟s not a book you can buy. It‟s something you create. Let me explain…
Post a Comment
Read more

Trader’s Questionnaire – Becoming a Professional Trader

  Would you like to become a trader? At WISEMANTRADING   we don’t believe this is possible through just purchasing a course / Mentorship Programme. The road to trading success is a long, hard, winding road, with many potholes, false turns, and dead-ends. Sorry, but that’s a fact. There is no Holy-Grail trading solution  Just as peak performance in sport requires years of exposure to the sport, trading success comes from years of exposure to the markets, allowing constant improvement in the trader’s ability to read changes in market sentiment and react without fear, what we do at WISEMANTRADING  is to reduce your time and money spent on the market and keep you ahead 4-6 years ahead in Trading career.  Disciplined application of the following steps will get you off to a great start to becoming a trader. Please print it out and get started from step one immediately. And as you travel along this long journey to profitability, don’t forget to enjoy the process a...
1 comment
Read more

Long term investment – You Reap What You Sow

  Since our childhood, we have been taught to be forward thinking and we have always been asked to plan long term. Don’t you think that our parents started planning before we came into this world? While we were enjoying our kindergarten days, our parents planned long term. Starting from, which school we step into to our higher education. From our marriage plans to their own retirement plans. Basis the long term investment plans, they made our future secure. They enjoyed the happiness of their family, in return for their look-ahead approach and long-term investment goals. In this article, we will understand as to how long-term investments serve us future security and much more. ---------------------------------------------------------------------------------------------------------------------------- What is long term investment? Long term investments means holding assets such as stocks, shares or securities etc for more than a year. Usually, the long-term investments means holding ...
Post a Comment
Read more