Full Show Transcript
Have you ever tried to plan a holiday and just been so insanely frustrated with the number of options that you’ve got and all of the choices you could make?
It’s so frustrating. So I’m here in Lake Como, and my wife and I have planned this trip. So we’ve been on the road now for about four months, maybe a little more. And we’ve still got another two months, almost, or a month and a half in Europe, but we haven’t planned it past next week. And so we sat down this morning to plan it, and there’s a trading lesson here, so stay with me on this. So we sat down this morning to figure out what we’re going to do next, and, basically, we were completely lost.
We started to look at some ideas, and we got overwhelmed with the number of towns that we could visit and all the places we wanted to see. And then we tried to find accomodation, and of course, there’s different prices and different types of accommodation, so it was all a bit like ahhh. And eventually, we cut to the point, it’s like, “Right, what is our objective here? What do we actually want to do?” And what we realized was there was only a couple of things we really wanted to do on this trip. And as soon as we identified those things, most of the options went away and the right answer became immediately clear.
Now, here’s the trading lesson. This is exactly the same when you’re designing a trading system because there’s an infinite number of ways of trading, infinite range of combinations of different indicators and all of that. But once you get your objectives clear, most of that noise goes away. And when the noise goes away, you can make progress much more quickly towards your trading goals. So what you’ve got to do, if you’re overwhelmed by the range of indicators you could use, by the different types of systems you could use, by the different markets you can trade, step one is to sit down and write your objectives as clearly and as completely as possible, because I guarantee as soon as you do that, most of the options will disappear and you’ll get clarity about exactly the right way to trade for you.
Now, if you’re already trading, this still applies to you because if you’ve already gone a trading system and it’s already profitable, then what are you going to do for your next system? Again, there’s a huge number of different possibilities, but what you’ve got to do is define your objectives for your next system, and as soon as you define those objectives, then the path forward becomes clear. Now, if you need help, if you want to improve your trading, if you want to grow into a profitable and consistent systematic trader, then you need to click the link below and download my trading system confidence cheat sheet because the trading system confidence cheat sheet will show you exactly the steps that I take every single time I build a trading system, including defining the objectives so that I know exactly the way I’m going to trade.
So click the link below, download my trading system confidence cheat sheet, and I’ll see you on the other side. Again, my name is Adrian Reid. This is Enlightened Stock Trading. Get clear on your objectives. Click the link below, download the trading system confidence cheat sheet, and I’ll see you in the next video. Bye for now.