One of the first things I tell new Online Trading Academy students when they ask for advice is to really open their eyes and pay attention. What I am suggesting is that they pay attention to the reality of what is happening around them. Being aware of the simple things in life that most people ignore is one of the most important components to desirable outcomes and achievements.
If you think what I am suggesting is a waste of time and just another article on trading psychology, think again. Think of one or two of the biggest mistakes you have made in your life. It could be in trading, a failed relationship or marriage, a bad choice that cost you your job, losing part of your nest egg to a bad investment, and so on. I bet the ultimate reason you made this mistake was because you were not paying attention to a reality that was right in front of your eyes. Do you look back on that mistake these days and say “How could I have done that? How did I not see that coming?” It all seems so obvious after the fact. It all comes down to simply paying attention to what is happening all around you and being aware.
We talk about this in the Extended Learning Track (XLT). We focus more than anything else on paying attention to the reality of what the PRICE ACTION… Continue Reading
