Hello Traders.
I hope you're all enjoying this series as much as I am. I like the two different styles of both Craig and T-Model Trader, but also how the same key points keep shining through. I hope these are helping some of the beginners out there who are on their journey and who have perhaps suffered through teh same difficulties - hint - we all have!
I hope you've all had a great trading week!
James Orr
Blog Post 5 - Craig Sanders
Revision,
I like to call it…..
Hi again
all, in today’s post I’m wanting to scratch the surface on how much I
personally think the ‘review videos’ that James includes in his subscription
service each day add great insight into not only the learning of technicals but
more importantly how they are what I believe the ‘golden nuggets’ of the MIND for
all aspiring beginner traders that have chosen to take part in Decisive
Trading’s ‘Zone Trader’ course.
So, for
those of you that are not familiar with the set-up, ill briefly explain… As a
Zone Trader, having undertaken the ‘5-minute timeframe course’, people most
certainly tend to find great value in their own learnings and understanding of
the market/system after the course is complete that they go on to being paid
monthly subscribers to Decisive Trading’s morning analyse videos and key
information daily login page. This is a service where you have direct daily
access to James giving his detailed analyse for the particular day along with a
video explaining in greater detail the forecast ahead for the FTSE and/or
AUD/USD currency pair, depending which your preference to trade if not both :-)
At the end
of each trading day, James then goes on to record a ‘review video’ which he
then uploads to the internet for direct access by all subscribing members. He
walks you through the market from the opening time all the way through to the
closure, explaining in excellent, easy to follow detail of what the market did,
how it reacted to key daily levels identified from the morning analysis and he
also goes into great detail on management areas created during market hours and
how and why you should potentially take everything explained into
consideration. This of course with the key aim for us all to blossom into
‘consistently profitable traders’ over time.
Myself
personally have found these ‘daily review videos’ super yes super crucial and
helpful from a confidence re-enforcement point of view as well as measuring up
my own trading thoughts on any particular day VS the break down video &
James’s overall opinion.
The reason I
felt the need to pick the pen up and write this in my trading diary back in
April 2016 (typing to explain my past notes) is due to a few negative trades
that had gone against me. This of course is normal and does happen, however, no
matter how well you stick to your rules and follow your trading plan, a few
losses in consistent flow after 1 another can and still will influence one’s
mind into a ‘negative self-doubting’ down spiral state. Myself and I’m sure
most experience this also and at most times manage to shake off the losers and
move forward to the next trade. Yet, occasionally when the market isn’t
responding how one might be anticipating or better to say - responding well to
your proven ‘edge’ then this is where and when the ‘after market breakdown
video’ is a blessing in disguise… An example being, I took another large loss
recently, causing some self-doubt to creep back in again, however the following
morning when I woke (being in Australia I receive my review videos the next
morning) to my routine with a strong bitumen looking coffee at 6am sharp
followed by loading my emails to watch the review video and compare/cross check
with my trading actions implemented for the previous (same day) day.
When you
analyse what is actually being explained on the breakdown videos and then see
it matches exactly the actions/mannerisms/methods you portrayed on that very
same day, this then gives you superior confidence and a sense of fulfilment
that your learnings and understanding of trading and the market are aligned and
heading in the right direction. (The
potential difference between winning and quitting)!!!
This is
where I pull up my captured screenshots iv banged on about in past posts with
all notes attached and then compare the breakdown video against my screenshot
and begin the learning process. When the breakdown video matches your choices
made, even if the market went against you, it is still a feeling well worth
having and this is why I think and feel it is 110% KEY to being part of the
support subscription service whilst starting out to learn how to trade
successfully. “Hand on heart, I feel had I not been part of receiving the
review videos then it is possible to say I could have potentially been
dis-heartened somewhat and may have even thrown in the towel to my trading
journey during a stint of repeat emotional pain we all unfortunately experience.
To me,
without the reassurance of daily breakdown video lessons/market evaluations and
having nothing to compare one’s learnings with then the far greater the risk
for a beginner’s confidence to be shattered is and then trading could be no
more!!
No doubt in my mind there has been plenty of
traders drop off from pursuing trading just from something as simple as
reinforcing one’s beliefs and teachings with mentor assistance or in this case,
review videos for support. So my tip to anyone who is as thirsty as myself for
trading success….. - be patient and do ALL that is necessary to give yourself
that advantage / ‘EDGE’ in any way shape or form you can and I promise you will
not regret it!
Failing
to prepare = preparing to fail
Until next
time, enjoy and ‘move to the next trade’ :-)
Craig
No comments:
Post a Comment