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Hesitating to Make a Trade? The Solution.

You are not alone if you suffer from the annoying situation of seeing something and then failing to make the trade. Have you ever been there before where you find yourself saying, I would have done so well! if I had just made the trade. This is a very common problem and I want to focus on the cause and the solution.

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Transcript:

Do you ever see an opportunity and then you fail to get inand then things just go in your favor?Ever been there?Why is that happening?Well let's break it down.This phenomenon is nothing newif you struggle with it let me just assure youyou are not alone at allbut missing out on opportunities, seeing something that,oh yeah I think I should,and then you don't.And then say, oh yeah, yeah and then you don't.And it's just an ongoing thing that is very annoying.It can be very frustrating when you fail to get into a tradeor as we're about to see here in this case studypull the trigger.So you just fail to pull the triggerto get into a trade and then you end up missing out.Oh I would have been right.Oh I shoulda done that, I would have been right,I would have the money.Have you ever played that?Have you ever just had that happen to you?Why is that actually occurring?And I found this back and forth with a person fascinatingbecause at the endthey actually answer the question for themselvesbut I'm not quite sure if they were aware that they answeredand offered up the solution for themselves.So let's get through this little back and forth interactionand we'll kind of break it down as we go.So on Twitter I was asked,is there any trick that I can overcomenot pulling the trigger?Always sit and watch the market,hesitate and don't do anything equals missing the trade.We have Katy here as you saw and she is struggling.Struggling to do what?Well we have over heremake trade.So keep in mind this is not even like a profitingor anything like that but just,she wants to be able to make a trade.Put on a trade.Pull the trigger in her mind.So she wants to get over herebut there are some things that are presenting a problem.And my reply back to her was simply,well you gotta get a strategy that you believe in.And that is the key.A strategyand then beliefmeaning you better have belief in that strategy.And that's what I told her,I was like well how do you overcome that?There's a deficiency in your belief systemabout your strategy, what you're trying to do.And then this was her reply back.Thanks for the quick answer.I think my strategy is good, it's a psychology thing for me.Have to build confidence.So right here like I said, she offered up the solution,she knows the solution and that solution is what?Confidence.And I write it like thisbecause that's not really a separate stepnotice there's no arrow here.In my mindthese all work together.And if you're missing any of theseyou're never gonna be able to make a trade.And it's all kind of circular logicbecause, well you gotta be able to have a strategyto build confidence and have a strong beliefbut you also have to be able to have confidenceto build a strategy that you're gonna believe in.Hopefully that makes sense.So there's kind of a lot of,there's many ways you can look at it.But this is why you are hesitating to hop in.Because you don't have a, well no Clay I have a strategy,I've been back testing it.Then why aren't you getting in?It's because deep down you are lacking confidence.You're lacking belief in it.But Clay I back tested it.Then why aren't you getting in?Why are you hesitating?That's why.If you just sit and really reflect you don't,for whatever reason,you don't quite have enough confidence and belief in it.Now in many cases maybethere's actually a flaw with the strategy.And the strategy itself deep downis what's ripping apart your confidence and beliefbecause maybe deep down you're saying, I kind of,just like watched a couple of stranger's YouTube videosand I read a book from the librarybut now like when real money's on,I mean deep down a lot of stuffis going on here and it's gonna,you're gonna have a problem making the trade.Now if you do have a true strategythen what's a sign that you have a true strategy?Well you hop in and make the trade.And why do you hop in and make the trade?Because you have belief in it.This belief is coming from the factthat you are confident in maybe putting it together.So that's why you gotta kinda keep all these in onebecause for Katy here what's the exact dynamic?Well she says she thinks, did you catch that word,she thinks she has a good strategy.Well I can see why you need to work on your confidencebecause when you're only thinking you have a good strategythen yeah it's gonna be hardto gain belief and confidence in that strategybecause you're just thinking.And there's a lot of little things that go onbut that at the core is whyshe is struggling to make a trade.Why you are struggling to make a trade.Well Clay I don't have enough money,or I have very little moneyso I gotta be extra,well that still, that sounds like a strategy problem.If your strategy is putting you uncomfortablein regards to the amount of money you actually have,well then of courseyou're not gonna have confidence and belief in itbecause you know that something is off.That you are maybe risking too much moneyrelative to your account size.Again it all circles back to one of these three things.That's why you can't make the trade.That's why you're hesitating.In that situation your strategy is off.And this is why I will say time and time again,and Clay you're just saying that because you offer courses,I don't even care at this point'cause I have plenty of testimonials,you have to get education.You have to learn because when you learn,what happens?Well you know what I invested into a structured program.I learned things in a sequential order that made sense.And that makes sense.So therefore what?Hey I'm confident, it's not like,I don't have the sense of randomness,I don't have the sense of, am I missing something or not?And that's the problem with free education.Yeah, there's a boatload of stuff out therebut some of it can be garbage.If you watch things out of orderyou're just gonna confuse yourselfand then you're always gonna havegnawing at the back of your mind,A, is this good information?And B, did I miss out on something?But if you're getting a structured educationand sure I would love for you to buy one of my coursesbut if you buy somebody else's that's fine too.But if you get a structured educationyou're gonna have confidence.And when you have confidenceyou can start to approach strategy constructionmuch more effectively.And when you know that you've gone inand built a good solid strategyyou're gonna have a good solid belief in itand when you have that belief, what goes on?Well you're actually gonna be able tostart to make the trade.Make trades.You're not gonna hesitate,now am I gonna say you'll never ever ever hesitate again?That would be a lie, but in this person's caseit sounds like it's a pretty big problemand it's a problem for a lot of people out therebecause of these reasons right here.So like I said, it's a problem,my solution is you gotta get a strategythat you can believe inand you gotta have confidence to build that strategy.Well how do you get that?Well you gotta go through a structured learning environment.There's a reason why brain surgeons and pilotsand stuff like that are,you know what go aheadand go through random information online,watch it in whatever order you want,get it from any source you wantand then you can come back and start to do all this.No that sounds crazy right?Yet that's what all sorts of people doin the world of trading then they wonder whythey struggle with things like this.So that's the solution to it.And I realize maybe it's not popular because,well Clay I could get things free,well you get what you pay forand one of the things with free educationis this issue right here and I see it time and time again.So whatever you decide obviously it's up to youbut yeah if you're struggling with this problem,this is exactly what's going onand the solution is getsome sort of structured sequential education.If you are out there trading alone currentlyand maybe are in the market looking for a community to jointo assist you in your trading or to just help you,give you another set of eyeballsthen I do have a private trading communitywhere you can trade alongside meand other experienced traders.So what you see popping up on the screen right nowis both an information link,so if you click on the Inner Circle onethat is going to take you to the pagewhere I explain all the detailsof what exactly come with the community,both the chat room and the newsletter.And then the other image that is popped upis a behind the scenes tourwhere you can see exactlywhat is going to be contained within the community.I take you through, like I said,a behind the scenes tour of everythingand that way you'll know preciselywhat you are getting when you join.So definitely check that stuff outif you are interested and thinking aboutwanting to join a communityand let me know if you have any questions.

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