The Paradox of Trading

Win, lose or break even, I was at last independent of the market, I never again had to question myself on whether I did the 'right thing' and I never again had to revisit the hauntingly and numbing question of 'was I wrong?’ Irrespective of the feedback the market gave me, I was still in control and was not at the mercy of some heedless monster. There was no one out to get me and my emotional capital was still intact.  Not only intact, I was now free and happy in disposition with my trading.

Best of all …. I started to make money … consistently … irrespective of outside commentary or events … it felt like I had the keys to the Kingdom.  It became easy and still is.   I look back now and smile at myself about the struggle that had gone on.  

Others had tried to tell me, to explain it in their terms on how to usher me forward into the illusive inner sanctum of like-minded successful traders.  They did not try to obscure it, there were not any false pretenses, they really wanted me to 'get it'.  But as much as I tried for it, like sand through my fingers, I could not hold onto it or truly grasp it.  Although I could understand it at an intellectual level,  I could not apply it and therefore, I could not truly live it. 

As a comparison, the first time I went to jump out of a plane wearing a parachute, I could see and understand the theory but I could not yet believe it would work for me.  There was not a slow way to make that leap. Either I was inside the plane or outside the plane, I  either jumped or I did not. That first jump was terrifying and absolutely gut wrenching, but here I am to tell the tale, so something must have gone right.  

It is one of those peculiar human situations that does not allow for any grey areas, any mini versions, or sneak previews.  It is the full nine yards or nothing at all and hence, this is the paradox.  A seemingly contradictory state of affairs.  A statement or proposition that seems self-contradictory or absurd but in reality expresses a possible truth.   How can it be possible to leap from an aeroplane and not be splattered all over the terrain a few minutes later?  Not only to survive the fall but to have actually enjoyed it, enjoyed it enough to want to return and repeat the experience over and over again.

Imagine what it would be like to experience trading like this!  Not only to want to get back into the market over and over again but to have a positive and enjoyable experience every time.

So the Paradox of Trading is the one thing, that if you can get your head around and truly apply it, then you will be forever released from that grip of self doubt, sense of failure, greed, fear or regret. You are free to interact with the market on your own terms and conditions.

The first part is to apply all your analytical skills and experience in finding a trade.  Not just any trade, but a trade that meets all your criteria.  Here at Trade With Precision we will give you those criteria, there are eight essential ingredients that need to be present.  These are measurable, obvious and can be found most days in most markets across a number of time frames.  We will even give you three or four bonus factors that, if present, will add weight to your trade.   Then we will give you the exact parameters to enter that trade; the entry, stop and target, along with the correct position size that will ensure your trading capital is protected at all times.

All you have to do is follow the instructions and apply those rules in the sequence we recommend.  We call this flawless execution of the trade.  Set and forget, like painting by numbers, it is learnable, repeatable and successful.  It is not rocket science, if you can learn the words to a song, then you can apply these rules. Up to this point you are not in the market, you are only stalking a trade and preparing to enter the market and there is not any money or pride is at risk just yet.

But that is not the paradox.  It is the second part that is the paradox.  Here it is……….. Are you ready for an earth shattering revelation?

Once a trade has been found that meets our criteria, an order is placed in the market and we are triggered in … and here it is … here is the paradox …. can you bear to read the truth that most people find so unfathomably contradicting … we then allow the market to decide the outcome.

Yes, that is it! Earth shattering? No not really. 

We hand over the outcome of our trade to the market.  We let go, we surrender our control, we trust in our methods and we are freed.  We did all we could during the time up to and including being triggered in, after that we hand it over.  It is simply stop or target whichever comes first.  That is it!  

Because we entered the market on our terms, then truly allowed the market to determine the outcome; also on our terms, then we are forever free to enter the market over and over again on our terms and conditions.  We are never wrong to enter a trade so long as it meets our criteria.  We are never a failure, there can not be any self doubt, fear or greed so long as we follow our rules and apply them consistently with flawless application.

Over time, the winners will outpace the losers, our trading accounts will bulge and at the same time we will maintain our emotional quotient.

 

 

At Trade With Precision we run two weekly live webinars across two different timezones which you can join us on to learn plenty more about how to successfully trade the markets.

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