It’s all too often that traders allow their pride to supersede their trade plan. It’s human nature to want to be right, but that’s not how you trade!
Once you’ve developed a trade plan, it is vital that you stick to it. If you don’t you’ll be a wishy-washy trader, which will cause A LOT of pain!
That pain is avoidable by simply writing down your trade plan, placing it in front of you and never veering away from your rules.
I’ve been doing this now for about a dozen years. I still get the urge to develop an opinion because I think I can anticipate the market.
Every time I do that, I lose money — and it reminds me to follow my plan. When the market takes a few thousand dollars from you, you quickly are reminded of a feeling that you really do not like to experience.
It doesn’t matter what your plan is, if you’re not going to follow it, you’re not going to be profitable over time – that I can promise you without a doubt!
We are in the midst of the greatest anticipated recession of our lifetime. Market manipulation keeps things propped up while the cost of everything has literally priced most out of a decent quality of life.
I don’t know what will cause the final shoe to drop, but whatever it is – it’s likely to be nasty when it happens. Maybe it’ll be the collapse of the US dollar? OR maybe it will be more banks imploding?
Time will tell as it always does. But no matter what happens, I’ll be here trading for myself and helping others to excel as well.
If you’d like to learn more about how you can join me in helping others in their path to wealth, click here…
Author: Anthony Speciale
Anthony Speciale Jr. Born and raised into a blue collar family in the suburbs of Northern New Jersey, I have in recent years put down the wrenches I’ve been turning for the better part of my entire life and have become a professional energy trader. My mother was a nurse practitioner and my father was an auto mechanic. I had literally watched both of my parents work endless hours with their hands throughout their entire lives and after loosing my mother at a young age to cancer, I had decided I wanted a different future than the path I was currently on. At a young age I was a struggling student who didn’t excel very well academically and college wasn’t really in the cards for me, but I was always a disciplined worker. When I had put my mind to something, there was nothing that was going to stop me from reaching and exceeding my goals I had set for myself. So, as life had evolved, so did my desire for freedom. It was never much about the money for me, but it was about the success and the freedom that accompanied that success. Over a decade ago, I decided to specialize in just one sector of the market. I knew that I only needed to be proficient at just one area of the market to achieve the goal I had set forth. Trade passively while producing massively. Well, that’s exactly what I did. After several years of failed attempts, endless education, trial and error - I had finally yielded myself the success and freedom I was desiring. After making myself over $1,000,000.00 trading this very method, it was time to share my success with those who also desire the freedom I did. After a lot of work, time, effort and sacrifice - Big Energy Profits went from merely a concept into a very real reality.