Think about this clearly. Breaking your rules or being impulsive in trading causes loss. Loss causes PAIN. REAL PAIN. We are responsible for the pain we create for ourselves.

I’ve always said, you don’t have to blow out an entire account before we figure out the significance of being disciplined. You don’t need to feel pain to learn that lesson. You just have to commit to the process of becoming disciplined. It poses a more fundamental question, are you willing to do what it takes to become consistently profitable?

How do we overcome this pain and impulsiveness? Through belief in a system, and a full understanding of the probabilities. You MUST embrace loss as a part of this profession, if you don’t you are in the wrong industry. Do not place another trade. This belief comes with repetitions. The belief has to be earned through proof and practice.

Before you proceed with your next trade, I want you to think about the power of your MIND. Have you heard of a phobia? A FEAR of something that starts in the mind and is typically so powerful that it can physically cripple us! IF the mind is powerful enough to have that affect over us when we consider flying, holding a snake, looking out the window of the 87th floor of a tall building, speaking in public, HOW might harnessing that power and putting it to work FOR YOUR BENEFIT affect your trading?

You see this isn’t just talk but SCIENTIFIC FACT that most traders are losing money in these markets due to FEAR OF LOSS that keeps them from following their trading rules. What’s that? You don’t believe me? Consider this. When was the last time you followed your trading rules without fail for an ENTIRE WEEK of trading? What was your performance like?

Have you TESTED your current trading model to see HOW IT PERFORMEND over the last 50 trades?

If not, WHY NOT!

YOU NEED to test to develop a belief about your systems rules that will help you stay consistent during the session when the possibility of loss is real.

Visual Price Patterns give us CLUES as to what will happen next in the market. This is our first level of belief. Probabilities of price action. The action you take in the markets is based on you BELIEF about what you SEE on the screen. The VISUAL Stimulus, whether it be price action or indicators, studies, systems derived from that price, is used to determine the 3 components of the trade; Entry, Stop and Target. AS we walk through the following setup in the NQ 100 ask yourself a couple of simple yet powerful questions:

Do I have a specific trading plan or ‘Rules of Engagement’?

IF NOT, Why not?

How is that working for you?

How powerful could it be to put structure to your trading?

IF what you are currently doing isn’t producing the desired result isn’t it a good time to consider change?

Ignorance is often the first step in our education. I know that when I finally humbled myself and admitted that trading is a business that requires a serious investment of resources and I was no longer willing to jump from system to system and course to course but rather admit that ignorance is a TEMPORARY circumstance that is overcome with education and conditioning, the light came on and I haven’t looked back since.

Think about this long and hard. It’s worth the investment in thinking about WHO you are and WHY you do what you do. Who knows, maybe that same light will come on for you.

Apply this investment in YOU I’m sure you’ll be a better trader for it.

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Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.
Nothing in this article is, or should be construed as, investment advice.