Markets sold off pretty hard in the last few days. Many of you did not see it coming, a lot of you, new traders, have never seen that kind of price action in your trading days.
We all knew this time would come (the sell-off) but no one could precisely point it with the finger. Whoever guessed it great, but the truth is that we only know for sure that the market will open at 9:30 AM and close at 4 PM.
I did live through a few sell-offs in my 12+ years trading career, and I still participate in markets.
I make a very good living trading. I feel very blessed when it comes to that. Now you must be wondering: How am I surviving in the markets for so long?
Well, the answer is pretty simple, I have a set of rules that I follow. That’s it, that is all I am doing. And that is all YOU need to do to be successful.
I am sure that you also have a set of rules to follow like calculated risk per trade, max loss for a day, etc.
Then why, tell me WHY aren’t you following the rules, you have set for yourself?
The answer is pretty simple too, and it is not ignorance. You know in most cases what you should be doing, as far as your trading goes, but you still don’t. How come? If you followed your rules it would be nearly impossible to fail at trading, did you know that?
You are not disciplined! That is the answer to why are you failing in trading!
Trading and following the rules is like keeping promises to yourself. In the end, it is just you and the computer you are placing orders with. No one is watching you saying “Hey! You are breaking your rules that you’ve set for yourself!”
No one is born disciplined. I am the perfect example of that fact. And if you try hard enough I am sure you can remember when your parents held your hand at a red light and stopped you from crossing the street. They were teaching you the discipline through that act.
Brushing your teeth, going on a diet, the list goes on. Nearly every single aspect of your life requires discipline. Just like following rules in trading.
And I can give you all the rules that help me to stay successful in trading, but until you are actually able to keep promises to yourself they are worthless.
Financial freedom is a journey
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