Trading is likely the most exciting way to make a living and/or accumulate a
fortune. You are your own boss and your own worst enemy. You alone must deal
with the frustration of your own choices. If you lose, there is no one else to
blame. You made the losing decision, even if that decision was to let someone
else make your decision or to follow someone else’s approach. On the other
hand, if you win, don’t have to say “Thank you” to anyone. You are not obliged
to anyone but yourself. There is no politics nor anyone to whom you must cater.
You are truly “sliding down the razor blade of life.”
But here is the problem. Most of the time, the market goes nowhere. Only 25 to 40 percent of the time does the market trend, during the remaining 60 to 75 percent of the time the market goes nowhere. Most professional traders make nearly all of their profits in a trending market.
Here is our problem: we don’t want to spend out time entering and exiting a market that is going nowhere. If the market is going nowhere, then the opportunity is NO-WHERE. We want to change that to opportunity is NOW-HERE.
But here is the problem. Most of the time, the market goes nowhere. Only 25 to 40 percent of the time does the market trend, during the remaining 60 to 75 percent of the time the market goes nowhere. Most professional traders make nearly all of their profits in a trending market.
Here is our problem: we don’t want to spend out time entering and exiting a market that is going nowhere. If the market is going nowhere, then the opportunity is NO-WHERE. We want to change that to opportunity is NOW-HERE.
