How to Get Your Trading SH#!t done

 

So you have a trading account opened.

The money is in, your watchlist and charts are set up.

But you have left your trading half-hearted with doubt, concern and little energy.

This is what is slowing your performance.

This is what is stopping you from growing your account.

And this is why you’re living with second thoughts not seeing progress.

May these 5 steps be the wake-up call to get your trading done!

Step #1:
Get a cheat-sheet

Every trading plan you have, needs a cheat sheet.

Your cheat sheet will remind you of the criteria you need to enter your trade, put your stop loss and take profit levels.

You can also add what percentage you would like to risk and the Risk reward you’ll follow.

Here’s a very basic Cheat sheet layout as an example.

Once you fill in the blanks and info – Print it, laminate it and stick it up somewhere. 

Step #2:
Prepare your watch list 

As you know there are countless of markets to choose from (stocks, indices, commodities, currencies and crypto-currencies).

Make sure you have a solid short list of markets you’ll be looking at when you trade.

Once a day or so, you can go through them and see what is lining up with your trading system.

Step #3:
Sit down and set up

At the most suitable time, shut down all your distractions for the day.
Phone, Netflix, family, pets etc…

Sit down for a couple of minutes a day – going through your watch list and writing down the trades that are lining up for the next day.

Step #4:
Place your trade/s order 

Whether you’re placing a trade during the day or after the market closes, you need to take the trade. 

If all is aligned in syzygy, you have no excuse but to type in a couple of figures and click BUY or SELL. 

Easy…

Step #5:
Journal your trades 

Once all four steps have been accomplished, you’ll then write down the trades you’ve taken in a trading journal.

This way you can keep track of your progress and have an archive of your trading performance with the right stats.

Don’t waste any more time waiting for the right time and feel.

There is never the right time.

Hope this wake-up article will help you really kick off your trading success from here on end.

If you still umming and arring about a trading system, start with my 20 year low risk, 62.5% win rate system and then build on from there…

You might save yourself 5 years of learning, adapting and optimising.

Click here to own my complete MATI Trader System starting today.

Don’t be a STILL trader

 

Hey!

I warned you in the previous article “What is holding you back?”.

You read it.

You took it in.

And you stayed back…

This means, you’re not holding back anymore. This means, you’re becoming a STILL trader.

This is dangerous because, once you enter into a comfort zone of not doing anything – you might as well stay there and never take action.

In this wake-up call article, I’m going to hopefully convince you to not be a STILL trader.

Let’s do it…

“Timon, I’ve been following your trading tips for the last 12 years and I STILL haven’t taken my first trade. I’m thinking of taking you more seriously soon”.

Soon?

Like tomorrow? Next week or in the next 12 years?

Procrastination is the thief of time. I hate clichés but I love that saying.

#1: STILL not ready for losses

I think most people don’t want to take losses.

They are seen as small failures or small fractures to a person’s pride and bank account.

Whether you’re running a business, a household or a trading portfolio – there are going to be oopsies.

So how do we deal with the idea of taking losses?

Well, don’t think of them as losses.

Think about them as costs…

When you run a business you have to pay costs – equipment, stock, admin, salaries, legalities etc…

When you run a household you have to pay costs – electricity, water, take the trash out, taxes and repairs.

When you run your trading account you have to pay costs – Losing trades and drawdowns…

You pay costs with everything in life, and so it shouldn’t be any different with trading…

Instead of calling them losses – call them ‘costs of trading’. Helpful?

#2: STILL no right system

This one is common.

You don’t know what the right system is for you.

You’ve tried a couple of moving averages, indicators, price action even volume.

Nothing seems to work for you yet… I don’t have a correct answer for you, but I can tell you with how I found my system.

I wanted something that didn’t require too much thinking, little indicators, worked on all time frames, was easy to back and forward test and is timeless.

And the MATI Trader System that I perfected in 2011, was my Holy Grail…

And I’m happy and grateful for it to be so many MATI Trader’s Holy Grail too.

“Timon, been using the MATI Trader System for the last four years and my portfolio is 200% up and I have even treated myself to France. Thank you for the comfortable life my friend!” 

Yes I want to build my wealth with the MATI Trader System Programme!

So ask yourself exactly what you want in a system and drill down each detail that matches your current lifestyle and times…

Just maybe, the answer will stand out for you better.

   
    #3: STILL Not making money

Now this is ambiguous. 

If you end up positive for the year, you’re making money. 

If you’re not happy with how much money you’re up for the year, that’s different. 

If you have achieved 35% return in a year a R1,000 will turn into R1,350 – WINNING.

If you have a R1,000,000 account and you’re up 35% for the year. That’s a R350,000 return – WINNING!

It’s all relative.

Step one is to make sure your portfolio is positive by the end of the year.

Then it’s a numbers game as to what your portfolio should be to make more of an income. 

But first make sure you’re in the positive before you play with Mr Market.

 

 

#4: STILL Making excuses

The only thing I can add to this is the wonderful comfort zone of doing nothing.

It’s safe, it’s consistent and we’re used to it.

But if you are constantly thinking of wanting to trade and build your wealth on a regular basis – it tells me you’re ready but not ready to leave your comfort zone.

You got to pull up your socks and just START. The hardest step to trading is taking your first step.

I hope these tips will help you shake off the STILLness that’s lurking inside you, so you can achieve greatness.

Let me know if you found this article helpful by clicking here.

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Why isn’t trading working for you?

 

Even with the right markets, time frames, systems, rules and ideas…

Trading is just not playing out you the way you thought it would.

It’s not growing your portfolio at the rate you wished…

It’s taking forever to get right…

It’s overwhelming and you don’t know which strategy to choose…

From my experience this is because of one reason.

You’re not treating trading for what it is…

Let’s REMIND you…

    TRADING IS… A fun hobby

Trading isn’t a tiring job where you need to sit for hours countlessly looking at a screen.
 
It’s also not a job where you need to be cramped up in a cold room, sitting on an uncomfortable chair, wearing a suffocating ‘noose’ I mean tie, around your neck while you’re waiting for the next pay-cheque.
 
If that was the case, I would have stopped trading 19 years ago.
 
Trading should be treated as a fun hobby.
 
With this hobby…
 
You don’t need a lot of time (half an hour a week will do just fine).
 
You don’t need a lot of effort. (Just a few click of the buttons and a few simple grade-8 maths calculations).
 
You don’t need to worry and stress yourself out. (Opportunities come every day, you can manage your own risk and no one is watching over your shoulder.)
 
In other words this is one opportunity which will give you:
More free time, Less work and a hobby that will consistently pay you.

   TRADING IS… A patience game 

When you’re enjoying a hobby, you look forward to doing it the next day.
 
It’s like anything you enjoy…
 
Watching TV, playing sports, eating your favourite snacks or even having sex…
 
You’ll adapt, incorporate and most importantly look forward to the next time you do it.
 
And the more you do it, the more you’ll improve, the better you’ll get and the easier it will become.
 
Trading is a patience game.
 
The longer you spend the time and days working on it and improving, the faster, better, and more powerful of a trader you will become.
 
And this will lead to one outcome – Financial Independence.

   TRADING IS… Ever evolving 

This isn’t your run on the mill, rat-race kind of hobby.
 
This is one heck of an interesting, exciting and thrilling activity that changes so quickly.
 
Every day, week, month and year you’ll to learn a ton of trading tips and lessons.

That’s because the markets are always, changing, evolving, adapting and are even suprising… 
 
They evolve with:
 

• Ever-changing market conditions.

• New financial markets added to the exchanges.

• New created instruments to incorporate i.e. Crypto- currencies, ETFs, CFDs etc…

•  New mega-trends driving new global demand i.e. Electric cars, Cannabis, NFTs, Dogecoin (To the moon) Smart contracts and Extended Mixed Reality.  

   TRADING IS… A lonely journey

This is one hobby, where YOUR success entirely depends on YOU.
 
This won’t work if you’re asking your family, friends, dogs and even strangers for their opinions on what to buy and sell.
 
This won’t work if you’re listening to the random billionaire analyst on Bloomberg talking about what they have in their portfolios.
 
This won’t work if you’re scrolling on Facebook for an individual’s trading prediction. (INCLUDING MINE).
 
No! With your system, your money and your time – You need to trade alone and on your own terms…
 
You know what will make you money?
 
Taking more trades according to YOUR criteria.
 
Listening to YOUR rules according to YOUR strategy.
 
Spending more of YOUR time, improving on executing trades well.
 
Notice the word YOUR… Not others, not him, not her – YOU…
 
So take trading for what it is and enjoy the process.
 
TRADING IS… A fun hobby
TRADING IS… A patience game
TRADING IS… Ever evolving
TRADING IS… A lonely journey

Let me know if you found this article helpful by clicking here.

Join the Facebook group for live daily tips, lessons, memes, quotes and a successful community since 2003 

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