Are You in the Zone?

By TheWild1 at 19 September, 2008, 12:11 am, Categories : Financial Markets | Reviews

As a financial markets’ trader, are you in the zone? Have you ever been in the zone? Do you even know what the zone looks or feels like? Is there even a zone?

Many of the best in the business have constantly been quoted saying the same thing and it can be summarized as such:

Most traders don’t make great profit trade after trade. In fact we may just scrape by day after day, until every now and then a trader hits that trade or couple of trades in a certain time frame. That is when all the hard work pays off, and that is when traders have the most fun.

Sure it has been quoted better, but you get the idea. Often times new traders enter the game thinking they will make home run after home run. When that doesn’t happen, they get scared and perhaps quit. Even traders who have been around for some time could forget those couple of great payoffs that creates the trader’s legacy.

As time goes on, eventually these traders lose sight of what they are doing. They may get discourage and lose focus.

Your Trade Will Come

With proper due diligence and persistence, every trader will have those trades. As long as we keeping tracking the markets, watch, and observe what is going on in the market, every trader will make that money.

Contrary to what you may have heard, trading is not a game for the weak. It takes constant mental focus, and unless a trader can see the big picture, then it will be hard for he/she to become successful.

Just Keep Tracking the Market

The most important discipline for a trader is to not chase after a trade. Just like lions do in the wild we want to sit, wait, and observe when the best time to pounce on an investment is.

As long as you keep tracking the markets, eventually that big trade will come. Unexpectedly, it will literally hit you in the head.

Once you see that profit in your account, you will be amazed of how easy that trade seemed to be. To make matters better, it will almost feel like you can’t lose, and other great trades will come rolling in.

…thus, a trader is in a zone, and we remember why we got tied up with trading in the first place.

Now if only we didn’t have to deal with that messy time of realizing the zone is over…