FB Ads Tracking

Upcoming Free Training Event: How to Kill Your Stress, Fear and Frustration as a Trader.

ClayTrader Gift Cards Available!

Trading 90 Minutes a Day: The Results

Trading 90 Minutes a Day: The Results

I’ve been in the teaching arena of trading for quite a while now, and there is always a common theme out there that seems to influence aspiring trader’s mindsets: I need to make large winning trades in order to be successful. While this mindset is completely false, I understand where it comes from and why it exists.

The Corruption of the Trader’s Mind

The trading education market is filled with the typical late night infomercial marketing tactics that focus on fancy cars, houses, exotic vacations, Rolex’s, etc. To accompany this image they create, of course these marketing gurus need to talk about large winning trades. And when I say “large”, if it is anything less than four digits in size, then forget about it. Not good enough!

90min_011This combination leads to the beautiful sounding marketing sales pitch of “I just made $7,000 while sitting on my balcony of my luxury suite overlooking Paris.” The marketing then goes something like this, “I will teach you how to do the same thing for (insert way overpriced dollar amount).”

When people seeking to learn how to trade are bombarded by only seeing large size winners, it corrupts their mind into thinking, “Successful trading means I have big size winning trades”.

My Attempt to Detox Your Mind

I’m here to tell you, the size of your winning trades DOES NOT MATTER. Get that into your mind right now and never let go of it. When you are focused on the aspects of trading that truly matter such as trade plan formation and risk management, the rest takes care of itself. I fully am aware that “trade plan formation” and “risk management” are not nearly as sexy as “drive a Lamborghini” and “travel around the world”, but whatever, it’s the truth.

90min_02My goal is to hopefully inspire you and detox your mind by showing you my past month’s trading. I realize that some people are going to say “wow you suck” because, as you will see below, there is not a single four digit winning day… not a single one! So, in their minds, they will say I suck and am wasting my time. I wouldn’t be shocked if a few of the marketing gurus take a swipe at me either.

Before you look at the results, I’m telling you right now, compared to what you are used to seeing from the late night marketing tactics, it is going to be very anti-climactic. If you are looking for some $50,000 or $100,000 month, then wow, please stop reading now!

90 Minutes a Day of Trading

90min_03To provide some overall context, I am essentially a part time trader. With my trading education business, trading community, real estate and a few other ventures, I don’t have the time nor the desire to sit glued to my screen for six and a half hours every day. What can I say? I enjoy being able to go hang out with my family whenever I want or go workout during the day.

So keeping the above in mind, here are the results of trading as a part timer with on average 90 minutes per day (click the image to enlarge). Also, if interested, you can GO HERE and watch some of these morning trading sessions live. There are over 200 videos at the time of this post, so you’ll have to scroll through a few videos, but just locate the videos from September of 2015.

90 Minutes a Day of Trading

As you see in the far right hand column, not one day with a four digit gain. Now sure, I do hit homeruns every now and then, but for me to sit here and say it happens all the time and that it is a routine part of trading would be totally false. Does it happen? Absolutely. When it doesn’t happen does that mean you aren’t making a good trade? No!

Consistency Is The KeyThe point that I’m trying to illustrate is to take what the market gives you. I want my “small” trades to inspire you to follow your plans, use your tools how they should be used, and don’t let losing trades spin out of control. At the end of the day when the bell rings, you may not have some gigantic number looking you in the face, but over time, the numbers will add up. Stop being so hard on yourself because your wins are not matching what the guru’s marketing sales pitches are showing you.

Consistency is the name of the game, and when you focus on the aspects of trading that allow you to get consistent, the numbers fall into place on their own. However, when you focus on the results of trading portrayed by the marketing (cars, houses, vacations), you will never reach anywhere close to achieving them.

Stop wasting your time worrying about how big your winners are, and start spending your time taking advantage of the opportunities that the market gives you. Focus on implementing systems and strategies that will allow you to obtain harmony in your trading, and let the “small” winners add up over time.

Looking to find stocks to trade like I do? Download this free report revealing the 5 tools I use everyday to find the stocks I am going to trade

Related Articles

comments powered by Disqus

Let Me Help You Get Started

arrow mwc logo comment google-plus facebook instagram twitter youtube3 linkedin2 email itunes feed2 soundcloud phone stitcher play3 envelop bubble bubbles4 wrench bell notification stop search menu question-circle books hammer binoculars pin icon-tunein chevron-right check in calendar number1 number2 number3 number4 number5 mobile2
close ×

FREE TRAINING EVENT!

How to Kill Your Stress, Fear, and Frustration as a Trader