Trading Meditation: The Early Bird Gets The Profits

Hesitation gets you nowhere. It is linked to fear and fear guides traders to the poor house.

But Paul, I want confirmation.

No, you are just afraid. So you wait. For the safety of the move.

Seeing the stock move feels safe. So you act. And now you lose.

That is because once the move comes, once you feel safe, the trade is almost over. You enter at the worst time.

You are in “no man’s land” caught in between support and resistance levels.

You’ll either make a small profit, or take a big loss. Or a lot of small losses. All of these are negative outcomes in this case because the big wins will rarely come, since you gave up so much waiting for confirmation.

Do not hesitate. Previous encounters with the pattern have already confirmed you have an edge. Enter at the exact moment pattern recognition give you the signal.

Be decisive.

Subscribe to The Market Speculator by Email and never miss a post!

Watch me on YouTube 


If you would like to learn more about how I trade, receive my nightly focus list with market analysis, setups and trade alerts, sign up for a 14 day free trial at BullsonWallStreet.com.

2 thoughts on “Trading Meditation: The Early Bird Gets The Profits

Add yours

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Blog at WordPress.com.

Up ↑

%d bloggers like this: