Good Day Tackle Traders! Welcome to the Friday feature and the end of another glorius week of trading! What? Your trading week wasn’t as glorius as you had hoped? Well you have come to the right place my friends. Come in close as I am going to give you the only “KEY” in trading you will ever need. This will be the one thing that will bring the kind of trading weeks that will cause you too to use a word like glorius!
Before I get to the secret “KEY”, we need a little background as to why this topic has come up. The easy answer is that everyone is looking for that one thing that will catapult them to crazy success. For a golfer, it is that one repeatable swing that bombs down the fairway! For a business person, it may be that one product that is a must-have for everyone and that will bring the customers clamoring to the doors! For us traders, most think that there must be a new strategy that will work in any market condition and that is the “KEY.” I hate to be the bearer of bad tidings but this is not the “KEY.” A new strategy will not bring you what desire, nor will that one trade where you make 100’s of percent ROI. These are mere tricks and wishes and fleeting successes. No, the “KEY” I am referring to is much different.
Before we get to the ultimate key to trading success let’s see if we can why most people are looking for the wrong “KEY” and why this is so common amoungst those who are brand new to the world of trading and even a few that have been trading for a while but still have not discovered the “KEY.” I have been trading for a number of years now, actually more than a decade now and I sometimes reflect on the path I had in trading to get to the point I am at now. In this relfection, I try to find some valuable wisdom that I can share with the many students and Tackle community members that I have the pleasure of working with so that perhaps their paths can be a little smoother than the one I took, I guess that’s what all good mentors and teachers are supposed to do? I also do this reflection because I get many questions from traders and wannabe traders about what the “KEY” to success really is? From the wannabe traders, or as I like to call them “the not yet started traders” I usually get the questions like “what is Bitcoin going to do or what’s the next AAPL stock?” These questions show me that people who ask these types of questions believe that the stock market is just a way to get rich quick. Then there are the folks who are actually trading and have had some trouble. Perhaps they tried a strategy and it didn’t go well so they are looking for another strategy to try, thinking this one will be the one that unleashes the full power of the markets! In either case, I believe these folks are still missing the ultimate “KEY” to stock market success.
You see the above scenarios have people looking outside of themselves for the ultimate “KEY” to stock market success as if it is a big guarded secret that only a few people know and that as soon as they are told it they will be living in that multi-million dollar beach home in MAUI! Here in lies the problem…
If you have been with Tackle Trading for any length of time and put in some time to listen to the coaches and take in the underlying theme of this community you will find that trading is ultimately a reflection of your inner self and that the real “KEY” to trading is inside you!
In trading as in life you will have rough patches and you will have those glorius times I mentioned at the start, the only question that remains is will you be around to see thosee gloruis times or will you succumb to your own demons and continue to look to the outside for the ultimate “KEY” or will you look inside yourself and realize that the only true ULTIMATE KEY to trading success is your own dogged PERSISTANCE that will help you achieve success.
This PERSISTENCE comes from within and can be nurtured from without by surrounding yourself with like-minded individuals… welcome to Tackle Trading… a big ole group of like-minded individuals! And by the way, have a glorious Friday!
Chart of the Day
TSLA (Empire State Pattern)
Video of the day
Developing As A Trader
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