Stop & Look Around

I continue to trade daily while limiting outside distractions. I've needed to refocus my attention to what I am doing and thinking during the trading day while establishing better patience and control. My efforts seem to be paying off.

This week kinda clicked for me as I realized my patience and stalking for trades has been much improved "all year" (hey, only 2 weeks into 2010 but it's a start). I've been waiting longer for better, low risk set-ups rather than taking emotional trades "just to get in". The trades will come.

Virtually everyday, there are 1-3 great set-ups that can turn profitable and validate our thought process about the trade. I am now waiting more patiently outside the volatile periods and waiting for the right time to enter once my set-up appears in the cross-hairs.

This business is the toughest thing I have ever tried to learn. But it is a passion and never once have I ever considered quitting. It's about tweaking this and that, rallying resources, stepping back at times, referring to other traders' thoughts, ideas and strategies while developing our own styles. It takes time, lots and lots of time, patience and persistence. But eventually, those of us who persevere will eventually break through and achieve the consistency and satisfaction of cracking this hard shelled nut.

So during the past couple months, I've been a "low rider" when it comes to participation in Eminiwizard chat, TradingConcepts charts and Trader Twitter "Tweets". I just needed to refocus on me for a few weeks, get through the holidays while regaining confidence and further developing patience, market rhythm assessment and trade planning / managment. Sometimes its good to just slow down and take a break.

"Life goes by pretty fast. If you don't stop and look around once in a while, you could miss it" - Ferris Bueller

Trade Well !