Everyone, and I mean everyone, is looking for that perfect fool proof strategy. Is it real? And if so what is it? …….YOU! You are the strategy. Yes, you are the strategy, not the chart pattern, not the dip buy or resistance break, or the RSI indicator, MACD, or EMA. Developing a strategy is something that involves your whole self, your experiences and study, your control, and your abilities. This is why I cringe whenever I see an ad that makes the bold claim that their “strategy” is the one, and they can teach it to you. Yep, for a fee, they can make you a proficient trader.
Now, I’m sounding a bit pessimistic, and not all traders that want to help you are trying to scam you. I know that actually, many of these traders are legitimate traders that can move you in a positive direction. But, the rest is on you! The truth is that it takes time.
We all know what we need to do. Do we do it? Think about the 90% of people who want to get into shape, but end up quitting after two weeks, then slowly go back to burger King and doughnuts. Its Because it’s tough! Most of us know what we need to do to get into shape, eat healthy, and exercise consistently. All too often many start out optimistic and make good choices, but slowly allow the bad habits to creep back in. As traders, not fixing and keeping bad habits in check will be very costly.
The technical aspect of trading is honestly not difficult. Looking at a trade, or a chart in hindsight, we can all point out the best possible way the trade could have went. The dip, or the breakout, but when we do not see what is coming we tend to make – shoot from the hip – type of decisions. We hesitate, and then when the trade moves in our direction we rush to get in, but now we are a little late to the party and Frustration sets in! This is the most common scenario among new traders.
So what is a strategy? A strategy is your collective experience! It is the things you notice about your own trading, strengthening your good traits and diminishing what harms your trading. Anyone that is subscribed to this blog or our YouTube channel are welcome to chat with me directly about their trades, how you are trading, and what mistakes you may be making! I would love nothing more than to help you turn your trading around by helping you to pinpoint the errors and strengthening your good senses. We will also cover technical trading strategies in this blog and our YouTube channel on a constant basis so we will at least have that covered. If you would like for TheFreedomGrind to review with you your trades and go over in detail some information comment in the comment section and I will send you a link to thefreedomgrind discord.
Make sure you have a detailed list of at least your last five trades before posting on the one on one chat! also you will have to have the Discord app to be able to join the server.
Here at The Freedom Grind, we love to talk about the market, and help in any way to make anyone/everyone a much more efficient Trader!! To support our operation Hit the LIKE button at the bottom of the page! If you would like to be notified when The Freedom Grind posts, hit the FOLLOW button and receive an email whenever we post market related news, our trades, and market analysis!