Trading to win using the Secret Code of the Illuminati

One is the loneliest number

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Trading has got to be one of the loneliest professions I can imagine.

Sitting quietly and patiently, sometimes for a long time, like a cat stalking a bird.

To pounce or not to pounce, that is the question that runs through my mind.

Paradoxically, a technique that has served me well is to be very very patient waiting for the right setup; once recognized I know I need to move swiftly while the opportunity is still available. Knowing my support and resistance gives me the edge over the wait-for-candle-closers, the ones who wait for confirmation before they will act.

Meanwhile, on a range bound day, I know I need to fight off phone calls, web chats, surfing and all the other distractions if I am going to play well.

Exercise, socializing, and all the necessary typical personal interactions come after the trades are closed.

No hanging around the water cooler talking about the sports buzz if you are a trader.

I love trading but I do miss that part of my past life.

Three Dog Night would probably agree that great traders are stalkers, not talkers.


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