Almost all of us have felt it at some point.
Well, how can a trader really handle it?
By realizing the power and progress of doing even simple things.
“Success is nothing more than a few simple disciplines, practiced every day.”
– Jim Rohn
In The Order Flow Profit Ladder, there are a number of different strategies, with some simpler to implement than others.
Some of the more simpler trading strategies revolve around knowledge of Stop Losses, Stop Hunting and Option Barriers.
And a trader should marvel at how these simple things can matter so much. By doing such simple actions, consistently, 5 days a week or every week, a trader can find opportuntiies in the market. A trader can find those inefficiencies.
Something as simple as labeling a key stop loss level and putting a price alert on it… can lead to profit for your trading account.
So therefore, one way to deal with overwhelm is to just pick one thing to do. Even if its a simple thing to do.
Then, when that is completed, you move on to the next thing on your list.
This may sound simple, almost too simple, but still a lot of great traders can operate like this.
I was pleasantly surprised when I heard the story.
One of the greatest hedge fund legends in history, back in the 1980’s, turned his attention to a new IPO. He focused on whether he should buy it, how much, etc. He was talking it over with one of his analysts. And then he came to a decision. And that was that. The gist of what he told his analyst/trader was:
“If the stock goes up you buy more. It does not matter how big of a percentage of the portfolio the stock becomes. You buy more.”
Just like that. He focused on a stock. Took in the information and made a decision.
And after that decision, he turned his focus to another task. So that focus on one thing at at a time – that focus on analyzing one currency pair, one financial instrument at a time. Then after you are done, you can move to another one, is certainly a viable path for you to take.
Trading is not a “All or Nothing” endeavor. You don’t have to do all the analysis or else its not going to work. Sometimes, some simple habits can work just fine.
If you haven’t mastered 10 habits, but only 1 or 2 or 3, that’s perfectly fine. You can do those 1,2 or 3 skills. Feel good about doing them and then worry about the rest later. You can master the rest later. But make some progress today. If at trader can go to bed feeling that they made some progress, even a just a little, that is a good feeling to start the next day with.
Just simple things like labeling stops, seeing how the market responds to news. Simple actions such as these can lead to profitable trades, sometimes big trades.
When you nail that good trade, using just a simple tools, your mind expands and starts racing through scenarios of all that you can do, all the money you could make, if you learned even more.
Getting good at using stop losses and exotic option barriers in the market. You can gain this knowledge in a week, or a few weeks. It doesn’t take a year or two. Then once you are using those, you can then proceed to getting good on how to incorporate information flow and global macro into your trading.
But the principle is the same: You can start somewhere. You can start today. You can do something today. You can make a big or small step today.
So when people tell me about the Mastery Course: “there are so many good strategies, which ones do I start with?
I tell them: Start with what you feel comfortable. Start with the simple ones, the ones that only take 5 minutes, 15 minutes a day. The stop hunting and option barrier strategies. Then as you get comfortable, you can work your way up to more information flow and global macro mastery.
As you do some simple things, gain mastery over the simple things, both your confidence level and your desire to do more is raised and quickened.
You can move to more advanced concepts because you have a foundation in skill already there. You have prepared yourself to go farther.
Therefore, any time you are struggling ask yourself:
“What simple things am I not doing, that I should be doing?”
In the game of tennis, the way scoring is done is via points, games and sets. To win the match you need to win 2 or 3 sets. To win a set, you need to win at least 6 games in the match. To win a game you need to get at least 4 points in that game. So, you play perfectly, you need to win all 48 or 72 points. Most likely your opponent will win some points. So the average tennis game can include the playing of hundreds of points. And a tennis player must have a philosophy for confronting this obstacle to winning the match.
And one tennis player had a philosophy where he learned to take it a few points at a time. To stop looking at all he has to do over the next few hours. To stop looking at all the hundreds of points that can be played. To only take it a few points at a time until he won the game. And then a few points at a time until we won the next game. And so on and so forth.
He would not force himself to say:
“There are hundreds of points to play, how am I going to get through it all and make good decisions on all of them?”
He DID NOT do that to myself.
He just did the simple things: Focusing on the next few points. And then the next few. Until he won the game and then the set, and eventually he won the tournament.
That made things so much easier for him.
Or take an example of a baby. Babies don’t automatically start sprinting in the Olympics. They start crawling, then start walking, then start running, then start sprinting as they grow bigger. And so on and so forth.
So for you, you can take it one step at a time as well.
You can do the same thing in your trading. Focusing on the first few simple steps and then moving on to the more advanced stuff, if you desire.
So get a piece of the puzzle right, and then the next piece. Then the next one. Get one habit going. Then another. And you can find a great trade.
As talked about in The Perfect Trade Blueprint: You don’t have to line up all of the 8 rules for a great trade. Just a few them lined up can be more than enough for a great trade.
As those little hinges can swing BIG DOORS.
Get the Order Flow Mastery Course for the simple things that you can implement into your trading – right away.
Now, there is also an EZ two pay option available for you to get started right away. <<