The Most Common Weakness I Observe Among Traders

There is a myth among developing traders that all you need to do for success is find a style of trading that fits your personality and then stick to that style with discipline and consistency. What nonsense. Consider other performance domains, such as basketball or surgery or opera singing. Does a basketball team stick with a single defensive style regardless of the competition? Do surgeons follow techniques based upon their personalities or based on objective scientific data? Do professional singers adopt the same style to every composition they perform? The reality is that high performance professionals learn to adapt their styles to the conditions of performance. A tennis player adapts to clay and grass courts. A football team adapts to changing defensive alignments. Actors adapt to their roles. The most common weakness I observe among traders is that they seek a style of trading and attempt to fit that style into all market conditions. For example, a trader may seek to profit from trend or momentum, only to become frustrated when markets are "choppy" A trader may seek to trade one time frame when market cycles operate on very different scales. My favorite analogy for this situation is the dancer who has a single style of dancing regardless of the music playing. While everyone else is slow-dancing to a waltz, they are thrashing about, mosh-pit style. Then they wonder why no one will dance with them... The first question a trader must ask is not about "setups" and what is moving. The first question is: How is this market behaving and does that behavior present opportunities that I can exploit? Before you start dancing, you listen to the music. Before you begin surgery, you study the patient's condition. Having a single style that you impose across all markets is not discipline; it is inflexibility. Some of the best market opportunities come from occasions when trades that had been working suddenly don't work. That can be a wonderful heads-up that conditions have changed and that it's time to adapt. Further Reading: The Challenge of Adapting to Changing Markets . [Image] Hi Gang! Please Enjoy Today's Investing Tips and Resources... Join the "Trade LIVE Challenge" and win over $1,000 in cash and prizes! [Enter Your Information Here]( [The Most Common Weakness I Observe Among Traders]( There is a myth among developing traders that all you need to do for success is find a style of trading that fits your personality and then stick to that style with discipline and consistency. What nonsense. Consider other performance domains, such as basketball or surgery or opera singing. Does a basketball team stick with a single defensive style regardless of the competition? Do surgeons follow techniques based upon their personalities or based on objective scientific data? Do professional singers adopt the same style to every composition they perform? The reality is that high performance professionals learn to adapt their styles to the conditions of performance. A tennis player adapts to clay and grass courts. A football team adapts to changing defensive alignments. Actors adapt to their roles. The most common weakness I observe among traders is that they seek a style of trading and attempt to fit that style into all market conditions. For example, a trader may seek to profit from trend or momentum, only to become frustrated when markets are "choppy" A trader may seek to trade one time frame when market cycles operate on very different scales. My favorite analogy for this situation is the dancer who has a single style of dancing regardless of the music playing. While everyone else is slow-dancing to a waltz, they are thrashing about, mosh-pit style. Then they wonder why no one will dance with them... The first question a trader must ask is not about "setups" and what is moving. The first question is: How is this market behaving and does that behavior present opportunities that I can exploit? Before you start dancing, you listen to the music. Before you begin surgery, you study the patient's condition. Having a single style that you impose across all markets is not discipline; it is inflexibility. Some of the best market opportunities come from occasions when trades that had been working suddenly don't work. That can be a wonderful heads-up that conditions have changed and that it's time to adapt. Further Reading: The Challenge of Adapting to Changing Markets . [Continue Reading...]( [The Most Common Weakness I Observe Among Traders]( And, in case you missed it: - [Top Clicks on Alpha Ideas this Week]( - [Vantagepoint A.I. Hot Stocks Outlook for February 24, 2023]( - [BZAMF Saw A Mid-Day Gain Of As Much As 257.14% Yesterday, Amid Name And Symbol Change For Cannabis Merger.]( - [TRKA Up 231.58% In 9 Weeks, As NASDAQ Penny Stocks Continue To Outperform The Market.]( - [Stocks & Geopolitics March-May 2023 | Extreme Caution | Gold Loses Shine | Bitcoin Buy - February 24, 2023]( - FREE OR LOW COST INVESTING RESOURCES - [i]( [i]( [i]( [i]( Sponsored [100% Or More Every 3-10 Days?!]( It sounds impossible. But over the past 3 years, we’ve proven it. There’s a powerful trade you’ve never heard of, and it has delivered an astounding 99.1% win rate for us over the past 3 years. And these aren’t small wins, either: the majority of them delivered 100% or more every 3-10 days. We lay it out for you in a special video presentation - [click HERE to see it for yourself.]( [Privacy Policy/Disclosures]( - CLICK THE IMAGE BELOW FOR MORE INFORMATION - [i]( Good Investing! T. D. Thompson Founder & CEO [ProfitableInvestingTips.com]() ProfitableInvestingTips.com is an informational website for men and women who want to discover investing and trading products and strategies to educate themselves about the risks and benefits of investing and investing-related products. DISCLAIMER: Use of this Publisher's email, website and content, is subject to the Privacy Policy and Terms of Use published on Publisher's Website. Content marked as "sponsored" may be third party advertisements and are not endorsed or warranted by our staff or company. The content in our emails is for informational or entertainment use, and is not a substitute for professional advice. Always check with a qualified professional regarding investing and trading guidance. Be sure to do your own careful research before taking action based on anything you find in this content. If you no longer wish to receive our emails, click the link below: [Unsubscribe]( Net Wealth Consultants 6614 La Mora Drive Houston, Texas 77083 United States (888) 983-9123