Over-thinking can lead to poor trading results. Thinking about achieving excellent trading results may help your trading immensely.
Many traders wish they could find consistent profits. Sometimes traders are constantly playing a frustrating game of reaction, and it goes something like this.
Perhaps the first trade takes off in the expected direction rather quickly, so the trader decides to take quick profit as the nice fat profit is very tempting. But the trade continues on in the expected direction for a week and the trader says “I left a lot of profit on the table on that one, that was a mistake.”
Perhaps the next trade is managed differently. The trader decides to instead “let this trade run” – and instead of running in the expected direction, the trade starts off in profit and then slowly backtracks until it … gets …… stopped ….. out.
So the third trade will be different, the trader decides. This time the trader will stick to the trading plan and only exit the trade according to the trading system. But… this time the trade is a losing trade, and the trader is frustrated. The trader thinks – “this is just my luck – of course this trade is a loser, it is the one trade that I wanted to follow my system rules precisely. What am I doing wrong here?”
Many traders end up thinking about what they do not want, traders often ponder losing trades, losing streaks, difficult situations and poor trade management. Magically, these traders often find losing trades in their account statement.
Is it possible for you to think your way to profits? Perhaps it is. Perhaps you will be surprised at the results if you decide that for the next 30 trades you will think about how exciting it will be if your trades find big profits. Try this experiment, for the next 30 trades decide that you will take trades that make big money, and see this happening when you enter the trades. See if this makes a difference in your trading… you may be surprised by the results.
