Have you ever considered that in life that there are many things that have stark similarities? Lets consider this one....
I am a hunter by nature, and enjoy it as a hobby as well. I relate to the world of day-trading much like hunting. This may sound a little Odd, but lets consider for a moment, the parallels.....When I hunt, I use certain specific tools, designed just for hunting....just like day-trading.....
There is a thing called a game camera, it takes pictures of deer, and gives me the time and direction that the deer typically arrived in .In day trading I have the same tool, it is called the Flux Timing Indicator, it tells me the time and direction that the market typically arrives in...
When I hunt, I usually climb a tree and sit in what is referred to as a tree-stand, this stand gives me a better viewpoint of the surrounding area, and a stable platform from which to hunt.When I am Day-trading, I use the Ninjatrader platform, it allows me to clearly see the markets ..The chart gives me a better vantage point on the market than just a market analyzer alone...
In hunting I use a Bow, this tool helps me engage and propels an arrow toward my target. In day-trading, I use a chart trader tool in Ninjatrader, it is how I place my order to engage the market......
In hunting, on my Bow, I have a sight,( much like a Scope on a Rifle...) it helps me point my weapon in the right direction.In day-trading, I use the Trendstalker indicator which helps me see if the trend has shifted and helps point me in the right direction.....
When I hunt, I often see and have to cross fences to get to where I am going. I understand that a fence can be climbed, or gone around, but it will take more effort,or more time to do so.In day-trading I use the Flux FPC indicator, it shows me where the fences are in the markets, and I understand that when the market typically reaches one of these fences, it take more effort to cross, or more time time to go around.....
In Hunting, I often see many smaller deer that are shoot-able, and edible and these keep the freezer full.I don't often see that really Big deer, it comes along much less frequently than the others....In day-trading, I usually see lots of smaller trades, they make the daily profit and only occasionally see the really big one that comes along.....
Consider friends, that what we do in the day-trading industry is no different than any other, the biggest difference is how you approach it in your mind.If you are afraid of loss, then it is no different than me being afraid to climb the tree into a deer stand, I can still hunt, just like you can still trade, we both will have more challenges to be successful.
