Too many people are just spinning wheels and getting nowhere.
Here’s what I think.
Many of you have sufficient knowledge and skill to achieve success.
But your focus is on trading rather than on making money.
And the end result of this is too many low probability trades in really bad environments.
Let’s fix this now.
What if you had a gun to your head and you HAD to profit over your next 20 trades?
It doesn’t matter how long it takes you to get to twenty. And it doesn’t matter how small the profit.
The only condition is that you must stick to your risk and money management limits.
You’ve got 20 trades to show a profit.
How will this change the way you view the markets each day?
What would you do differently?
Just maybe you’ll be happy to stand aside and watch. Stalking the market. Waiting till the bias is so clear that it’s screaming out to be traded.
Just maybe… you’ll prove to yourself that you can profit over 20 trades.
And if you can?
Then just do it again.
And again.
And again.
Maybe you already are a trader, but you just haven’t realised it yet because you’re too busy trying to trade.
What if you had a gun to your head and you HAD to profit over your next 20 trades?
What would you do differently?
Why aren’t you doing this NOW?
20 trades!
Good luck!
I believe you CAN do it.
Lance Beggs
“And the end result of this is too many low probability trades in really bad environments.”
This happens with me…
“Waiting till the bias is so clear that it’s screaming out to be traded.”
Decide to follow exactly this often but keep forgetting…
Great article Lance.
Thank you.
Thanks Mahesh,
I’m glad you enjoyed this one.
All the best of luck with your trading this week,
Lance.
Hello Lance,
This article is meant for discovering SELF in the arena of Trading! Very well said. Thank you.
Absolutely, 100%. Discovery of self, or who we are as a trader, is an incredibly important and necessary part of our journey. I don’t think we discuss it enough in this industry.
Thanks for your comment Prashanth. Best of luck with your trading,
Lance.
Your blogs make us see what is right infront of us but hard to realise….& that creates all the difference!
Thank you for all of it!
You’re welcome Swapnil. I’m glad you’re finding value in my writing. 🙂
Best of luck with your trading,
Lance.
A simple and great piece, thanks!
Thanks Dan! 🙂
Hello! Thanks a lot for this article, you reminded me a technique I used months ago. With this technique, I made money. I was following my strategy, my stop losses, and only bought what I was very comfortable with, and what I thought had a good probability to go up.
thanks 🙂