Heard it before?
"came for the money,
stayed for the grind"
First hours of trading week
are an ode to the saying
See?
The chart below shows the entries and exits…
What is heat?
Heat is when your trade is offside
Offside is when the best price available to exit "right now" is worse than your entry price
Imagine you are skilled at reading the market to enter precisely as the market goes your way
What would this mean for you?…
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Losing traders think
if they could only fix their mental game
their trading would turn around
But what builds your mental game?
Truth is
every trader who contacts me
about improving trading
lacks the foundation of successful trading
Which is also the foundation of your mental game…
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"Watch the ball!"
You're told
on the receiving end of a tennis serve
or protecting the goals from a penalty shot in soccer (football)
But it's not possible.
It happens too quickly.
Instead:
we repeat the activity over and over
processing multiple data inputs.
And with thousands of repetitions gained…
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From the game plan
3rd failed attempt to move above 0.6992 "short" inventory (which was profit taking by professionals pre rate announcement)
A bit too obvious,
look for another move up
to catch out those convinced the two failures are a sound reason
to get short
(a bunch of traders think 0.6992 is shorts entering
when in fact it's longs taking profits)
It's not just "it makes money", is it?
Because plenty of trades don't work
So trade selection is your way
to reduce the degree of pain the "don't work" trades cause you
Best illustrated with a real-time example
👇
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Remember this?
Bud Fox quotes Sun Tzu's Art Of War in Wall Street?
Two examples from last trading session "irritating" your opponent
👇
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Did you know Stanley Druckenmiller's greatest trading lesson from George Soros? Exponential Bet Size. Why not drop in on a training session with a developing trader to illustrate these concepts.
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