Stop doing so much!
You might be trying and doing too much, too soon.
Have you ever had that thought?
From time to time I get messages from traders saying they are overwhelmed with interpreting the information flow for hours and hours every day. Some traders get burned out from it.
Sometimes the answer is to just to tough it out. To get better, more skilled at the handling of the information flow – and learn to enjoy it.
But other times the answer is to just stop trying to do so much.
Stop trying to force yourself to analyze the market for 3, 4, or 8 hours a day.
If you are spending 4 to 8 concentrated hours during a trading day to study and trade forex only, each and every trading day, you are probably doing something wrong. You should only be spending that amount of time if there is truly a big trade forming – like a 1,000 + pip global macro move and you are gathering up the evidence in support of such a trade and trying to get the timing right. Like, when George Soros broke the Bank of England in 1992 and made $1 billion. If his CIO was working for hours every trading day to perfect such a trade and get the timing right, etc, then that would be a wise investment of time.
However, if the market isn’t going to make a 1,000+ pip move, then you usually do not have to spend 4 or 8 concentrated hours solely trading forex. Someone who is spending such hours, is probably searching for opportunities and trading in multiple markets, not just in forex.
Therefore, again, stop trying to analyze the market for so many hours! I remember years ago where I would spend 4 hours a night, trying to analyze forex on an end of day basis, searching for opportunities. And I was doing that for months. I was doing way too much as a lot of the information I was interpreting was not necessary and of low value. I had to get better, and learn which information was most important to process. And when I did that, I was able to finish end of day forex only reasearch in about 30 minutes – 2 hours per day. Which was a massive improvement. I had so much time available for other activities.
Again, if you feel drained mentally, one of the ways is stop trying to solely analyze the forex market for so many hours in a day.
You can most certainly begin analyzing the market on an end of day basis for 10 minutes or 20 minutes or 30 minutes a day. You can implement very basic stop hunting and option barrier strategies to use in analyzing the market. And eventually, after some success with those, you can ramp up the time commitment so you can get to more advanced interpretation of information flow and global macro trading.
And in this way, you can gradually increase your desire and commitment to trading.
Gradually Build Up Exercise Tolerance
Take a non-trading example of someone who has a desire to start exercising, but hasn’t done so in many years. They are not going to start walking or jogging for 4 miles each and every day. That might be too much on their body systems. They might start off walking for 20 minutes a day and seeing how they feel. Walk for half a mile and see how they feel. They can build up to the walking for 2 miles a day or jogging for 4 miles a day, etc. So it’s a gradual thing.
I remember one time years ago I would go for a 20 minute walk, but come home exhausted. I wondered what was wrong with me. I resolved to figure it out. Now I can walk for 10 – 15 miles a day no problem. I can play hours of competitive tennis no problem. I didn’t get there overnight. It was a gradual build up to that.
One time I didn’t play tennis for a whole month because I was busy with various other projects I wanted to complete. When I started playing again, my legs were not as strong as they used to be. I wasn’t playing as well as I normally did. And I was very sore for a whole four days that it took me to fully recover. But once I started playing regularly again, then I didn’t need four days to recover. The next day after tennis I was good. My body got used to it.
Gradually Build Up Strength Training Tolerance
There was a time many years ago when I let my body go so much, I could barely do a push-up or two. I knew something was wrong. Eventually I turned things around and was able to do 40 – 50 pushups in my first set. I didn’t try to do 40 pushups right away. I had to build up to it. Did my 5 or 10 pushups for my workouts for a few weeks, then up to 15 or 20 for a few weeks, etc, etc.
I didn’t try to go maximum commitment right away. I had to build up to it.
Gradually Lose Weight With The Right Foods
Or like someone else who wants to lose weight but doesn’t want to completely change every single food they eat that is not helping them out. So they can start off with a gradual approach. The only changing one food out of the entire meal to a more nutritious food. And then see how much farther they want to take it from there.
Catch a Nice Trade, Desire Shoots UP!
For example, when you dedicate less than a hour at the end of day for trading, and implement some sound trading strategies, then you can catch a nice trade. And when that happens, it produces profit in your trading account, along with feelings of excitement and joy. You can make a few percent in a single trade, and you feel happy.
This helps to build up more and more trading desire.
And your mind starts playing out all of the delicious scenarios for the future about how much more you could make and continue to make, if you increased your desire and commitment from 30 minutes a day to an hour or two a day. And perhaps to go full-time if you so desire.
Desire, enthusiasm, etc, all comes from the mind. So with your mind playing out such scenarios, you start getting excited about all that you can do and all that you can become. You play out all the visualization of all the compounding of profits that you can do, etc.
Therefore, that’s one of the ways to increase your trading desire – catch a nice trade!
Gradual Desire to a Triple Digit Year
Same with trading, don’t necessarily try to go make 200% right away. The principle of protecting your precious capital, and grinding out smaller returns. And if you see an amazing opportunity, then you can risk more and “go for the jugular” and try to go for a triple digit year.
When George Soros produced a +68% return after fees in 1992, when he broke the Bank of England, that did not happen overnight. There was gradual research in the months prior to the trade about individual companies in Britain. That research showed some economic weakness and problems in the economy. And then eventually the idea came to the CIO at the time, Stanley Druckenmiller about how the British Pound was wildly overvalued. And eventually they started shorting it and it helped produce the +68% return. It wasn’t just overnight, the idea popped into his head to short $10 billion of British Pounds. No, it did not happen like that. It was gradually building up to such a market moment.
The Natural Trading Progression
With trading, you get taken in steps.
I didn’t learn and master Global Macro Trading right away. I wish I had, but it didn’t happen right away as I did not have anyone to teach me. I am self-taught in that regard with help from various books and articles.
I had a gradual progression from technical indicators to chart/price patterns, then to order flow trading via stops and option barriers. Then to news trading and then to global macro trading. And that’s how I teach order flow trading. We start off with the how and why of price movement. We go to stops and option barriers. Then to news trading and then to Global Macro Trading. And since that worked for me, it will probably work for other traders seeking to learn this craft.
It is my contention that one of the reasons people don’t learn trading is because they try to teach people things such as money management, position sizing, etc, or teaching people about Global Macro Trading, all without a clear understanding of some of the fundamental architecture of the market – how and why prices move, etc. And I would not seek to teach someone how to trade Global Macro Trading, without teaching news trading first.
That was one of the secret elements in my trading progression:
Mastering news trading, which formed the strong support structure and understanding to learn global macro trading.
And that is how it is taught in the Order Flow Mastery Course.
Remember, don’t try to trade for 8 or 4 or 3 hours a day if that is stressing you out. Forget about such stress. And choose to only analyze the market at an end of day basis, for 20 minutes a day – via simple stop hunting and stop losses and option barriers techniques. Try that for a bit and you will begin to make progress beyond your wildest dreams. New desire and new questions that you will want answers to will come bursting forth form inside of you. And that’s where the Mastery Course comes in very handy.
Sure the quantum leaps and “leapfrogging” are highly desirable. But if you don’t get them every day then do the gradual approach. Gradual approach can work wonders as well.
Most traders don’t have a massive desire right away. It might take a year or two for the desire to really build up and crystallize. It’s okay. Better that it happens sooner, but that’s okay too. It took me a year or two as well for the desire to really build up and start figuring things out.
Some people send me messages telling me that they’ve been following my work passionately for a year or two before they finally buy something from me. That can work as well. Better that it happens sooner, but that’s okay too.
Of course, I would never want to tell anyone when they are or aren’t ready to make the leap to the next level. I would never want to tell anyone how fast or slow they should go. It is, at the end of the day – a personally decision, and an intensely personal one at that. I remember many moments years ago – where people were talking down to me, and it seemed to me they were trying to slow me down. And I did not like that. I wanted more work, more effort, and more speed. So that was a personal decision many years ago. But still, getting to that stage, there was the gradual increase in desire and effort and building skill, before finally getting to the point where it all accelerated.
When you desire more speed in your trading journey, then invest in The Order Flow Mastery Course.
It’s all ready FOR YOU on a silver platter.