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Wednesday, November 28, 2012

Let Market Tell You What To Do and When


The correct attitude for successful trading is to let the market tell you what to do.
If the market says to go long, buy, and if it starts to go down, sell. This sounds
easy but it is much more difficult than you think. We always like to believe that we
can be in control. We want to be in control of our trading and of the market. If
you accept the notion right now that you cannot control the market, that all you
can control is your execution of trades, you will take a great step toward being a successful trader.


Instead of trying to control the market, let the market tell you what to do. Let the
market and your strategy take you long rather than you personally trying to predict
or decide when to go long. Let your strategy take you out or get you short. Once
you realize that you can’t understand the market, and that you can’t predict when
the market will move, you will move into that detached state of mind where you
let the market take you where it will when it wants to.

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