Life is too short to live with unncessary frustration, it really is.
Isn’t your qualilty of life and every moment of every day too important to just tolerate it?
Yesterday I had my email and sites go down, which was of course VERY frustrating, so I have already taken steps to ensure that it NEVER happens again.
How that relates to you and trading.
When I first started trading, it was very frustrating because I really had no clue what I was doing and every trade was filled with anxiety. I was going on the word of my broker, hoping that he was giving me good guidance, trusting that he was looking out for me.
At the time, I didn’t have any way to know and I was dependent on his experience and his knowledge of the markets.
I knew “enough to be dangerous”, but not enough to trade wisely.
I was at that stage where I got the mechanics of trading, but had gotten so hung up on just making money (and then making it back after losses) that I didn’t do what I needed to do to really have a good handle on trading in a business-like fashion.
When I finally blew out my account, I was forced to take the break that I should have $30,000 earlier.
When it was time to start back, I resolved not to live with the frustration of being dependent on others.
No more ‘hoping’ for me.
I knew that there was a way to do it myself and know that I have control over my own fate, and I was determined to learn what I needed to be truly independent.
I figured out many of the things that I had been doing wrong and was able to re-enter trading and keep a handle on myself well enough to be profitable, but it wasn’t until later in my trading career that I discovered the real key to trading with peace of mind and confidence that eliminated all my anxiety and frustration.
Now I had already gone the “trust others’, and the “trial-and-error” with real money routes and they we incredibly expensive. I learned a lot, but mostly what NOT to do.
Being an Engineer for years taught me that the only way to have a high degree of confidence about anything is to TEST and ANALYZE.
I finally found a way to do this, but backesting by itself is incomplete and not as reliable as I wanted.
What makes it work is the trading metrics you get to properly analyze and evaluate a trading system or money-management strategy.
The metrics give you an objective measure of the real strengths and weakenesses of a trading system (or money-management strategy) that you need to have a reasonable level of faith that the system will produce the results you desire.
When you have that level of insight and certainty about your system, then sticking to it becomes second-nature.
One of the best things about this is that you can end your anxiety (and resulting frustration) without risking a penny to KNOW that it works.
Click here to discover the metrics the easiest way to get them
Why live with the frustation of not knowing any more? You don’t have to.
Life is too short, and this isn’t a rehearsal.
Cheers
Brian
P.S. Today we Americans celebrate the anniversary of the signing of the Declaration of Independence. Gain your independence and make the 4th of July a personal reason to celebrate every year!
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P.P.S. If you happen to be in the situation where you don’t have a system that you have faith in and you’re looking for one that you can, the Analyzer is the perfect tool to filter through the B.S. about trading systems and get to what will work for you in the fastest easiest manner. Don’t depend on the claims of others – know for yourself if it works or not!
