Almost everything ‚ÄĒ all external expectations, all pride, all fear of embarrassment or failure – these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.
Let me convert it to order flow:
“Almost everything – all external expectations, all fear of embarrassment or failure – these things just fall away in the face of a wildly successful order flow trade, leaving only what is truly important. ¬†Remembering that the markets foundations consist of order flow, liquidity, and volatility, and asking the right trading questions, is the best way I know to avoid the trap of thinking that the magical moving averages or chart pattern is going to save your trade. ¬†For the markets always moved based off order flow and liquidity. ¬†There is no reason not to follow the future order flow which will be generated.”
Over the years I have learned that many things that you once feared and thought would destroy your trading progress, or fears that you might not understand something, or fears that you believe no good answers exist. ¬†All these fears just seem to melt away after a few years. ¬†As long as you continue to make progress, find the good information, implement, and get results.
What type of fears?
Types of Fears
Fear that you may never develop the discipline to stop¬†over trading. ¬†Fears of information overload. ¬†Fears of missing out on the next big trade. ¬†Fear of taking some small losses. ¬†Fears of not understanding why you are taking losses. ¬†Fear of not understanding why the market is moving. ¬†Fears of not knowing what the market participants are thinking. ¬†Fears of not knowing how to structure a trade.
All legitimate fears. ¬†Some can be painful, even paralyzing at times. ¬†You may not know where to turn to. ¬†Heck I didn’t. ¬†Even when I discovered order flow trading, I still wasn’t sure. ¬†It took a few more months for the fears to begin to melt away.
Your First Order Flow Trade
Once you have your first wildly successful order flow trade, and actually understand the true reasons why the market moved, which combination of order flow generators, what market emotions and market participants pushed price into your favor and generated your huge profit, then that can be a defining moment in your life. ¬†It was for me.
I talk about it in my making the order flow breakthroughs post.
As the years go on, there is just more positive reinforcement that occurs. ¬†The markets aren’t going anywhere. ¬†The inefficiencies aren’t going away. ¬†The same human beings making the same mispricing mistakes time and time again.
The volatility isn’t going anywhere. ¬†The global money flow isn’t going to stop. ¬†The markets are growing bigger than ever. ¬†Heck, even UBS says currency trading may hit $10 trillion per day by 2020.
Don’t Delay Order Flow Learning
That doesn’t mean you should delay your learning. ¬†You should start today.
Once you attain the order flow mindset and can view the market through order flow, information flow, liquidity analysis, market participants, stops, expectations analysis, scenario analysis, positioning analysis, sentiment analysis, etc, you can analyze any market, no matter what stage of the trend or consolidation it can be. ¬†You can successfully analyze any market no matter if it was back in 1980, today in 2011, or in 2020.
As the years go on and the order flow knowledge and order flow generators accumulate, then the fears just keep on melting away…