Ninja Talks EP 12: Jesus Trading After teaching a bunch of amateur traders over the years, I've come to realise in my not so humble, but highly righteous opinion that their biggest obstacle always seems to come down to their inability to abstain from placing a trade.
They give into temptation.
But as Jesus says;
"Forgive them for they know not what they do."
Yes I know Jesus wasn't a trader, but he did turn water into wine and as far as I'm concerned that's the definition of buying low and selling high.
Anyway, let's get this back on track - where was I? Ah yes, abstinence.
Most fresh spawn traders are so eager to just "be in" the market, they fail to learn this age old mistake.
The solution?
Simple.
And I talk about it often.
It's the concept of "letting the trade pass by" - when you do this (truly, no cheating) you'll know (1) If it's a good trade and (2) The exact time to enter.
This can be likened to card counting, you observe the dealer and players and count the cards (analyse the markets) and then when the "shoe is rich" (clear entry established) you enter and bet big.
Works in cards like it works in the market, but guess what? The majority of sour faced amateurs won't even get to this point because they're more fixated on short term dopamine shots to the vein.
If you want to be in control, then take control and stop giving in to temptation, practice abstinence and the world is your oyster.
Make sense Ninja?
Good, I'll see you in the next episode!
Nick
