Today’s Emini Trading Room was another fun time. We pulled 23.75 points out of the market or a gross of $1,187.50. Our concept is to keep our losses small. When we have our big winning days we can maximize them for account growth. Trading isn’t about being right or wrong. Trading is about trading our system as best as possible to obtain the result of being profitable. It is important to not have a big bias on the day. Instead, we need to use our trading tools to trade what we see in front of us.
Trading Consistency
The amount of wins and losses per day doesn’t matter as long as we had a result within our trading plan. There are a lot of critical things to being a successful trader, and every aspect is very important. A good concise trading plan will give you the tools you need to make a living trading.
The big reason why I say that Trading is a difficult way to make easy money, is because of trading consistency. Being consistent for a few days or a week is easy. However, being consistent for a month, multiple months, and many years is easier said than done. If we haven’t trained consistency then it is easy to get off the path, and onto a rocky road so to speak.
How Trading Bias Affects Us
It is during the times when we haven’t trained consistency that trading bias can affect us most. That is why I not only have a trading course on my trading system, but also one on the mind and trading mindset. Trading is a professional sport like the NFL, NBA, or the NHL. We use our minds though, while they use their bodies and minds.
That is why training is so important. Not just any training though; we need to train properly. This eliminates a lot of the natural trading bias that can seep in as we are trading. It also helps us be more clear in our own heads as we make decisions.
Trading Bias: Help or Hinder
Once we are clear trading bias becomes what we see and not what we want. This then gives us an edge in what we see in the markets. It helps us determine the type of trading day we are in. Knowing the type of day we are trading really helps us pull profits out. It is this crucial aspect of trading that helps us become more consistent. If you do anything like this in your trading comment down below and let me know. It is always great hearing from new and seasoned traders.