Want to trade the markets with the skill of Van Halen?
A guitar represents the Market.
Whether it's acoustic or electric represents the Trading Strategy.
How well you play the riffs and chords to a song represents your understanding of the MECHANICS about the instrument.
Trading options, futures, stocks, crypto, bonds, flaming dog sh!t....it doesn't matter. Nearly ANY asset can be traded.
More importantly....ANY trading strategy off the shelf WILL WORK!
YES!....it's a damn guitar for heaven's sake! It will play music!
So why do so many people blame trading strategies (the guitar) for their lack of profitability??
Why are they spending so much time losing money and no strategy (guitar) seems to work?? 👇👇👇
The problem isn't the strategy (guitar) itself. And even though psychology has a role in this, I will not focus on this.
The problem is YOUR misunderstanding about the underlying MECHANICS of the INSTRUMENT you're trying to play!
Wut?
YES! If you pick up the guitar for the first time, try to play the great @eddievanhalen song Eruption, you'll quickly find out that you absolutely suck at it.
But will you throw down the guitar and call it a scam? Hmmmm 🤔...of course NOT!
It's imperative we understand and learn the inner workings and mechanics of the instrument we are trying to trade!
- How much liquidity is in it
- How does it behave? Does it fit our personality?
- The more we trade it the better we understand it
- PRACTICE PRACTICE PRACTICE!
The song is the asset. There are plenty of assets (songs) to choose from. What may not vibe with one, will for another. Find YOUR song and master it. 🙂
Whether you're a scalper, day/swing trader, long term investor....it doesn't matter!
Focus on the process, and focus on learning how the instrument operates. Master it. Only then can you have the guitar (trading strategy)
🎵🎶 SING PROFITS! 🎶🎵
You can read the unrolled version of this thread here: typefully.com/FLOAT_LOCKER/Y6afxWk