True embellished story;
Back in the day when I first started trying to trade supply and demand zones I ran into a whole slew of problemos.
One day it would work, another day it would brutally fail, I couldn't quite figure it out, until one merry ole day I had a realization and I've talked about this previously, but it remains important to this very day and even after saying that I'm sure a bunch of nambi Bambi traders are going to ignore, forget or completely dismiss what daddy Ninja is about to say, however the fact remains the rest of this email will change your trading forever if you "get it", so you ready?
Buckle up kido it's time for some ancient wisdom.
Here it is;
The biggest mistake any trader can make when studying and implementing a strategy is going in there with the mindset of "I'm going to break this!".
This is why they fail Ninjas.
There are two types of traders;
Trader 1: Tries to break the strategy and tries to see where it fails.
Trader 2: Will try to see where it works and HOW to make it work.
Do you see the difference in the neuron firing going on here?
One is negative.
The other positive.
Which do you think will win out over the long term?
The answer is obvious (well to most it is).
When I made the shift in mindset to making it work, not making it break - my results naturally followed.
And it's not that difficult, in fact, dare I say it's simple in execution;
* Don't go for anything less than a A+ setup.
* Any form of forcing a trade should be recognized and removed.
* A loss should NOT be a trigger to find more, instead it should be a compass showing you where NOT to go!
Does this make sense?
Stop trying to break your strat and start actually trying to make it work.
That's all for today's ep my friends.
Back in the day when I first started trying to trade supply and demand zones I ran into a whole slew of problemos.
One day it would work, another day it would brutally fail, I couldn't quite figure it out, until one merry ole day I had a realization and I've talked about this previously, but it remains important to this very day and even after saying that I'm sure a bunch of nambi Bambi traders are going to ignore, forget or completely dismiss what daddy Ninja is about to say, however the fact remains the rest of this email will change your trading forever if you "get it", so you ready?
Buckle up kido it's time for some ancient wisdom.
Here it is;
The biggest mistake any trader can make when studying and implementing a strategy is going in there with the mindset of "I'm going to break this!".
This is why they fail Ninjas.
There are two types of traders;
Trader 1: Tries to break the strategy and tries to see where it fails.
Trader 2: Will try to see where it works and HOW to make it work.
Do you see the difference in the neuron firing going on here?
One is negative.
The other positive.
Which do you think will win out over the long term?
The answer is obvious (well to most it is).
When I made the shift in mindset to making it work, not making it break - my results naturally followed.
And it's not that difficult, in fact, dare I say it's simple in execution;
* Don't go for anything less than a A+ setup.
* Any form of forcing a trade should be recognized and removed.
* A loss should NOT be a trigger to find more, instead it should be a compass showing you where NOT to go!
Does this make sense?
Stop trying to break your strat and start actually trying to make it work.
That's all for today's ep my friends.