I asked the question last night, “How many of you show up to trade on a daily basis, confident in your efforts?” The responses were several “LOL’s.”
If trading comes down to you showing up to press buttons and hope, then I’m glad you’ve found me.
If you’ve followed my blog here on iBC, you’ve seen that I write, speak, trade and reply to comments with confidence. With every peak and trough in the markets, I’ve never waivered from my analysis or trade plan. The outcomes have been right, and this creates confidence.
The tickers we seek out in After Hours with Option Addict – when I see those stocks topping the charts day in and day out…confidence.
If you want to start finding more confidence in what you’re doing in your trading career, start focusing on the planning aspect. We aren’t here to just throw stuff at a wall and hope it works. If you’ve watched me trade, I am patient in the process, the mechanics are pre-defined, and location of the trade is paramount.
You want my opinion? As you start applying these mechanics that we discuss in After Hours with Option Addict, confidence will come. The discipline around trade planning will eliminate the antsy feeling you get with the randomness of your motions.
If you want one thing to work on to help eliminate emotion and build confidence – trade location. Define the entry point that requires little adverse price movement to prove you’re wrong.
This will eliminate 50% of the questions I get via comments and e-mail as well.
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