Particularly if you are a day trader! There will be many mornings where you’ll sit at your trading desk and never pull the trigger to place a trade.
This is a difficult skill set to wait and be patient. Many are so caught up in the hustle and bustle of their lives that they can’t afford to wait.
There are no get rich quick gimmicks out there that actually work or are sustainable. Much like trading, everything you do in your life will be hard.
I often refer to my deer hunting analogy. You can likely shoot something every time you go hunting. But trophy hunters often go season after season without taking a harvest.
In doing so, they put in an immense amount of time and effort to sit there and wait for that monster buck to walk on by.
There’s tree stands and/or blind placement to consider. You then need to create shooting lanes.
Beyond your preparation of the “spot,” you must be prepared with A LOT of practice because when that trophy comes walking by, you’ll have to fight off the jitters before you can pull the trigger or release the bow.
This means time invested either at the range or in your backyard shooting.
Once you’re prepared, now it’s time to learn everything about your spot. It’s time to set up trail cameras and food piles. We have to learn the pattern of the singular buck that we’re after.
We need to know when he’s coming in to feed, where he’s bedding down; through the use of technology we’ll spend months learning his every habit.
Much like trading, we must know when, where and why price action is doing what it’s doing.
Having that ability to wait for price to do what we know historically offers us the highest probability for success is no different than hunting a trophy.
When you sit down to trade, your mindset shouldn’t be “I’m going to get rich today.” It should be “I’ve done everything in my power to harvest that trophy I’ve studied for months and if I don’t get it today, I’ll try again tomorrow.”
This is a wildly difficult mindset to adopt. But a very necessary one!
The stock market isn’t going out of business tomorrow. If it does – we all have much greater problems to worry about.
We must play the long game. The game of profits over time. Maybe not today, but maybe tomorrow. You must be prepared for whatever the market dishes. If it’s profitable, great. If it’s not, staying out of harm’s way by not trading is just as valuable as partaking when there’s opportunity!
If you’re ready to learn more about the opportunities we’re harvesting here at Big Energy Profits, click here and I’ll show you how it works step by step.