I was reading a book the other day, and I’ve found very nice quotation that reads as follows:
“We are building one relationship at the time.”
That made me think about trading and how we could do the same in our endeavor of reaching our goals in trading.
Many beginners start trading big from day one. They also start with thoughts of millions that will just pour into their trading account and simply - all they think of are thousands of points that will be earned by simply pressing sell-or-buy-button. Unfortunately, it is not that easy.
Getting to the point where you start to make money consistently in trading is probably one of the most difficult, if not, the most difficult endeavor in your life. There are many reasons for this and I will address them in post that will follow, but for now, I would like to make a point that the most important trade that you will ever experience, in any fragment of time, is the very trade that you are at that particular moment. Simply, trader must be absolutely focused on current trade or trades and all important elements of that trading decision: entry, exit, stop-loss, risk and market behavior.
Let’s assume that you are about to enter the trade at this moment – That is your most important trade that I am talking about: Trade that you are preparing for, executing, watching market when you are in trade, exiting at the end and recording all important details in your trading journal. And, of course, when you are done with that trade, then it is time to find and execute a new one and that’s how our trading lives go on.
So, if you want to make it in this game - concentrate on only one trade at the time, as trading success is to be reached just in that simple sequence of one trade at the time.