One of the key things you need to be able to do is be short 100 contracts and two seconds later be long 100 contracts. The market turns on a dime, so if you can't reverse your position , you're either going to take unnecessary losses or miss great opportunities. So the first thing you need to develop is the emotional makeup to be able to do this. But you also need the right pivot point to know where to do it. In other words, you have to know where you are wrong. This is a difficult concept to master. You have to learn how to hold two competing ideas in your head at the same time. But you can learn this with the proper guidance and take your trading to the next level.
So if you feel you are not reaching your full capability, think about getting a coach to take you to the next level. Even Tiger Woods, the world’s best golfer needed Bruce Harmon to help him to his 14 majors. Its very hard to see your flaws by yourself and even harder to implement the fix. A great coach does both.
The above is just one of the critical characteristics you need if you are going to trade against the best in the world. Right now I coach traders around the world from the U.S to Canada to the UK to India and Argentina. We work on techniques like this on a daily basis until they become second nature. Most of the techniques I learned are from trading in the pits as a member of the Chicago Board of Trade and many from 15 years of on line trading after that.
Black Belt Trading Where Making Money Is All That Counts