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3 Stages of Trading :Simple really but difficult to manage

Ideal preparation involves commitment to clearly defined rules of engagement.  This is necessary for the developing a sound, consistent pre-trade routine that is suitable for any market environment.  The ideal state of mind for action is feeling confident and remaining focused on the present.  The focused confidence being a direct result of adequate preparation.  If you are prepared then doubt will find no home in your mind or in your charts.  The ideal response to your trade should foster future confidence by building on past successes while learning from mistakes, all within the framework of maintaining a healthy balance between the two.

These three are mutually inclusive.  Without each working together to create the whole, managing your trading success will be difficult. Simple really but difficult to manage.  But once managed very difficult to complicate.

ACTION + RESPONSE = COMPLICATED AS IT CAUSES CONFUSION

PREPARATION + ACTION = COMPLICATED AS IT CAUSES DOUBT

PREPARATION + RESPONSE = NOT POSSIBLE WITHOUT TAKING ACTION

PREPARATION + ACTION + RESPONSE = MANAGEABLE SIMPLICITY

 

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