Why is it so hard for us to do nothing? Does it make us feel less productive if we do nothing? Do we feel stagnated? How about stuck? How about arrested in our development? I want to know because some folks are always needin' to be in the Markets and I can't seem to figure out why. Why yes, a purposeful play on grammar but I hope the message is clear. That is, folks tend to equate constant trading with trading success. And it’s the furthest from the truth. Super active traders know this! Through the reality of their PnL’s (profit and loss), they are losing money.
I wholeheartedly believe sitting, waiting and doing much of nothing until your ideal set-up comes along is a much more profitable strategy.
One of the biggest obstacles I had to over come was telling myself that trading everyday does not guarantee more money. Okay, okay, you got me.
I had to do more than just tell myself this; I had to find ways to tie my hands. We all know that bad habits are hard to die and it’s difficult to do away with habits that hurt us. More than telling myself to stop over trading, I had to come up with ways to prevent myself from over trading. What did I do?
I focused on my fitness, I became well read, some call me "Betty Crocker" these days as my culinary skills would put Ramsay to shame. Point is, I had to find things to fill my time.
It wasn't easy in the beginning but the product or outcome of the challenge has remained.
If you've been reading my blogs and have managed to follow this ramble, you'll arrive at that age-old adage I speak of constantly.
I am more patient with my trades, and being patient stifles and puts a strong hold on over trading.
What do you have to lose?
I know what you perhaps won't lose, your capital.
So try it, quit tryin' to always be in the markets! Stop over trading. Instead, trade simply the best trades.
Trust the process! In ShortMeTina we trust.
Good, bad, ugly. Get involved and leave a comment where I can see. Thanks for the continued support. One.