previtera
previtera Jul 25, 2014 at 07:51
Professional traders aim to control themselves, not the market
A professional trader lets the market come to him (or her), he doesn’t chase trades or try to force things. If a good trade forms that meets his criteria, he will take it. But if nothing forms, then he simply does not trade.
A professional trader knows exactly what he is looking for in the market because he has learned and mastered an effective trading strategy. He is anticipatory instead of reactive. Meaning, he knows trading is a game of anticipation, not reaction, so he plans trades well in advance, has a bias for each market he trades, has key levels marked and then waits patiently for obvious signals to form. This is how you let the signals ‘come to you’, instead of trying to force a trade when there’s nothing there.
Most importantly, professional traders understand that the market is only going to give them a certain amount of high-probability opportunities per month, and so it’s their job to scan the charts each day, as objectively as possible. By becoming a master of your trading strategy, you will have the ability to anticipate and plan trades like a professional. I promise you that every professional trader out there already knows what he or she is looking for, before they even open their charts each day. When you approach trading from this perspective, you are much more calm and relaxed, because you don’t feel like you ‘need’ to trade. You are already thinking that IF an obvious signal forms, I’ll trade it, but IF no obvious signals form, then I will come back to the charts tomorrow and check again.