Trading tip: why you need to do the work. As always I was busy doing the work in the weekend to prepare for trading…. If you think that is easy … To be honest some parts are super boring but you have to do the work always!!! That discipline is so important!! I do that always….. No matter how I feel or even when IM sick DO THE WORK ALWAYS! If you want to be a good trader or investor again those are 2 different things!!! If you do not want to do the work or lack discipline on that part do not trade at all….
This means really Hours of analyzing making sure I have all scenarios covered on the risk part and that I have all plans in place so when the market throws me something I can catch and jump fast!
This is about one of the things that make me money I’m patient that is key but when I need to shift I will react fast! And I can react fast since I have plans for more than one outcome…. Also when you doing this enough and fast enough and in more places in the market than you Will also a feeling for things so you can be more sure of things and have more confidence in you’re trading! Mental health is important not stressing about you’re positions is key I will write A long post about that one later on.
Another reason why doing to work is important… Even if you where once a good trader and stopped and than got back into it even than Its important to do the work I mean a football player who is not in season will train anyway!!
Why being organized is important:
Well Im not an organized persons this is fine since my creativity is where my best ideas come from… But My trading room is super organized so when I trade I can focus on the things I need to focus on and have no distraction!
Also when my life gets chaotic its harder to trade …. (yes I will say it when my baby was born thing got more difficult on the trading side.)
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Matching how you feel with you’re trades can be super powerful!
Some say do not trade when you do not feel okay… Well I agree on that but You should also be not always play by the rules sometimes you can use it….
Example: when I was in the hospital scared for my self and my unborn baby BREXIT HIT the markets with fear and cable was going down fast since I basically felt the same way (and markets are also driven by greed and fear) I made a lot of money.
Somehow trading gives me a hedges on so many things its is really more a way of life.
I will always do the work.
I Hope I helped you understand why you need to do the work always when you prepare you’re trading.
Greetings Noa Strijbos