Why I Do Nothing To Prepare for The Market's Open
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In this week's trading tip, I explain why I teach my traders to do absolutely nothing to prepare for the market's open, and I explain why you shouldn't either.
Making trading decisions based on a bias or preconceived idea of what the market may do is the Achilles heel of all untrained novice traders. In truth, all pre-market preparation does is encourage the trader to formulate a bias before the open. This bias quite naturally will receive more loyalty from the trader than what is actually going on at the open. In other words, the bias becomes instantly in conflict with reality (the market) and the typical novice struggle begins: "Is the market right or is my bias right?" Naturally, we have been conditioned to want to be right, not wrong. The bias then puts us into the position of being reality's (the market's) enemy.
By doing away with all pre-market prep, the trader is free to just be a "witness" to what unfolds, to be completely open without prejudiced eyes. In a nutshell, This is what is called ego-less trading and it will lead to a purer, more powerful form of action.
Listen carefully to how I explain the reasons for my position, which are based on 31 years of experience. Although this is a talking video and not a specific trading one, the wisdom dropped here has the potential to be life-changing.
Question of the Day: "Does any one statement made here resonate with you deeper than all other?" If so, let me know in the comments below. I'm curious.
==============================================
Follow Oliver Velez' live trading everyday at www.periscope.tv/olvelez007
La razon por la cual no hago nada para prepararme para la apertura
En el trading tip de esta semana, explico porque ense;o a mis traders a hacer absolutamente nada para prepararse para la apertura del mercado, tambien te explico porque no deberias hacerlo.
Tomar decisiones de trading en base a una opinion o idea preconsevida de que puee hacer el mercado es el talon de aquiles de todos los novatos no entrenados. En realidad, toda la preparacion antes de la apertura del mercado lo unico que hace es incentivar al trader a formular una opinion antes de la apertura. Esta opinion o inclinacion recibira naturalmente mas lealtad de parte del trader que lo que realmente esta sucediendo en la apertura. En otras palabras, la opinion entra en conflicto directo con la realidad * el mercado* y el novato tipico empieza a tener problemas: tiene la razon el mercado o mi opinion? naturalmente estamos condicionados para querer tener la razon y no estar equivocados y esto nos lleva a ser enemigos de la realidad o el mercado.
dejando atras todo analisis pre mercado el trader esta libre y puede ser testigo de lo que se va desarrollando, con la mente abierta sin prejuicios, a esto le llamamos trading sin ego y te llevara a un estado mas puro y poderoso de donde puedes tomar accion.
Escuchen con cuidado como explico las razones, las cuales estan basadas en 31 a;os de experiencia. Aunque no hablo de trading hoy con graficos sino solo hablando les cuento que esto puede cambiar sus vidas.
pregunta de dia: algun hecho dicho en este video resuena contigo mas profundo que otro? si es asi, dejame saberlo en los comentarios. Estoy curioso.
Видео Why I Do Nothing To Prepare for The Market's Open канала Oliver Velez Trading
In this week's trading tip, I explain why I teach my traders to do absolutely nothing to prepare for the market's open, and I explain why you shouldn't either.
Making trading decisions based on a bias or preconceived idea of what the market may do is the Achilles heel of all untrained novice traders. In truth, all pre-market preparation does is encourage the trader to formulate a bias before the open. This bias quite naturally will receive more loyalty from the trader than what is actually going on at the open. In other words, the bias becomes instantly in conflict with reality (the market) and the typical novice struggle begins: "Is the market right or is my bias right?" Naturally, we have been conditioned to want to be right, not wrong. The bias then puts us into the position of being reality's (the market's) enemy.
By doing away with all pre-market prep, the trader is free to just be a "witness" to what unfolds, to be completely open without prejudiced eyes. In a nutshell, This is what is called ego-less trading and it will lead to a purer, more powerful form of action.
Listen carefully to how I explain the reasons for my position, which are based on 31 years of experience. Although this is a talking video and not a specific trading one, the wisdom dropped here has the potential to be life-changing.
Question of the Day: "Does any one statement made here resonate with you deeper than all other?" If so, let me know in the comments below. I'm curious.
==============================================
Follow Oliver Velez' live trading everyday at www.periscope.tv/olvelez007
La razon por la cual no hago nada para prepararme para la apertura
En el trading tip de esta semana, explico porque ense;o a mis traders a hacer absolutamente nada para prepararse para la apertura del mercado, tambien te explico porque no deberias hacerlo.
Tomar decisiones de trading en base a una opinion o idea preconsevida de que puee hacer el mercado es el talon de aquiles de todos los novatos no entrenados. En realidad, toda la preparacion antes de la apertura del mercado lo unico que hace es incentivar al trader a formular una opinion antes de la apertura. Esta opinion o inclinacion recibira naturalmente mas lealtad de parte del trader que lo que realmente esta sucediendo en la apertura. En otras palabras, la opinion entra en conflicto directo con la realidad * el mercado* y el novato tipico empieza a tener problemas: tiene la razon el mercado o mi opinion? naturalmente estamos condicionados para querer tener la razon y no estar equivocados y esto nos lleva a ser enemigos de la realidad o el mercado.
dejando atras todo analisis pre mercado el trader esta libre y puede ser testigo de lo que se va desarrollando, con la mente abierta sin prejuicios, a esto le llamamos trading sin ego y te llevara a un estado mas puro y poderoso de donde puedes tomar accion.
Escuchen con cuidado como explico las razones, las cuales estan basadas en 31 a;os de experiencia. Aunque no hablo de trading hoy con graficos sino solo hablando les cuento que esto puede cambiar sus vidas.
pregunta de dia: algun hecho dicho en este video resuena contigo mas profundo que otro? si es asi, dejame saberlo en los comentarios. Estoy curioso.
Видео Why I Do Nothing To Prepare for The Market's Open канала Oliver Velez Trading
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