“ TRADERS rant Part 2 “ > Part 1
Backing and Filling – Odd enhancer .
Were the Real odds “lay”..
As most Professionals Traders worth their salt spend the fast majority of
their time waiting – So the Market spends the majority of its time Backing
and filling .
Weve all heard the cliché Analogy of ,
Trader & Leopard .
- The leopard ” Lays” patiently silently among the brush or in a tree, to ambush its prey .
Were the Real odds “lay”..
Odds Enhancer
In reality you are one of 3 things throughout the Day – Long short or Flat
99 % Of the time I’m flat not having a single trade on – The other 1 % is were 99% of my focus and energy presides… this includes
1) Trade identification ~ Generating a Trade idea Up or Down ( Trade flow)
2) Stocking a trade ~ Waiting and Disciplined Stocking for my pre determined level ( Prey ) setup .
3) Action ~ Execution – ( Patience Discipline Technicals all coming together )
Discipline and patients is the name of the game and patience is the hardest part of discipline – Trading is a waiting game first and foremost .
What no one ever really talks about is - How to really increase your odds .
The Key for Trader,s to increase his odds is simply to wait and execute
his edge -
“Trading is a waiting game first and foremost “
Just like a Leopord,
The trader
1) Sits prepared ( waiting to pounce on the Herd and its vulnerable stragglers )
2) Is equipped with the skill to survive well beyond its years of its victims .
3) Is comfortable in his own skin without doubt fear or anxiety to hunt for and execute his primal instincts .
Backing and Filling :
Many will keep on chasing caught up in the back and forth action afraid the market is going to move without them … while the professional waits silently for their trade to come to them just like the Leopard patiently ”lays ” in wait .
were the Real odds ”lay” is in the wait .
An amateur never changes his Habits - A Leopard never changes its spots -
Jesse Livermore’s “It’s not the thinkin’ that makes the money—it’s the sittin’ and the waitin‘ t “be right and sit tight”
“For your Entertainment a TRADERS rant on how he views Day-trading & the Monster that is the Markets with a pinch of salt added”
The baldy one has spoken – Copyright © 2012 tweeterTrades
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