I am sitting around bored out of my mind while the removalists pack my house so we can rent it out while we travel for 9 months as a family… I am making a nuisance of myself and getting in the way while I wait for them to clear out the house.
Annoying in the real world, but the same thing happens in the markets when you get bored too… but it is much more dangerous!
Have you ever done this? Comment below and let me know…
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Show Full Transcript
But really it’s just a waiting game. I’m just going to wait for them to get their job done so I can go and lock up the house and leave and go do the next thing. And so, look, I’m sitting here bored out of my mind. I don’t like sitting around and doing nothing. And it got me thinking about, about trading and waiting and one did, have you ever been bored or frustrated waiting for a train to come along, waiting for the signal to take the next trade? And what I realized is that a lot of people are losing a lot of money because of this emotion, this frustration and impatience for the next trade. Because what happens, he goes looking for something to do. You know what I mean? I’m in a house and I’m wondering around, so what can I do? What can I do?
What can I do? And, um, you know, picking up stuff and making work for myself and being busy and getting in the way of the removalist and annoying them and you know, it’s basically kind of proactive isn’t doing or not achieving anything really. And it’s exactly what happened when you as a tray to go out into the markets looking for trade instead of waiting for the right trade to come along. I like, you know, I tried systematically and that’s the way I encourage you to try it as well. Because when you trade systematically, you wait for the signal to come and you take that trade when and as you’re supposed to take it. Um, but if you, if you go out looking for trade, you end up justifying positions to yourself. Oh yeah, it sort of meets my criteria or it’s almost a buy signal or it’s almost a sell signal.
And when you trade like that, you end up making mistakes. And so if your sitting around as a trader board, here’s what you need to do. Close your computer and go read a book or go out of the house and go do something else. One of the amazing things about being a systematic trader is that you, um, you don’t have to spend much time doing it. So if you’re just spending time staring at the computer or watching the markets, then you’re probably being counter productive. Go do something else. Find something productive to do. Developing your trading system, do some more research. Uh, try and refine your rules. Do more back test Reeves and books something, but go looking for trades. Because when you go looking for trade, you’re going to end up taking poorly thought through trades. You know, taking a setups that are not as good as they could be.
Um, just wait for the signals from your system and you’ll do a lot better as a trader. Now I’m going to try my very best to take my own advice and stay out of the way of the removalist and not creating busy work for myself to do for the rest of the day. So, um, look, next time I do a video, I’m probably gonna be out of the house, all this stuff, and we moved into storage by the end of today. So I’m pretty excited. I’m going to go traveling shortly. Um, hope you can join me on the journey. Uh, come below. Let me know what you think. Have you ever taken trades that you shouldn’t have because you are being impatient and, uh, what did you do to stop yourself from doing that? My Name’s Adrian Reid. This is enlightened stock trading. I’ll see you in the next video. Bye for now.
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