Part 4 of 6 — Part 4
Back to Part 3Stop Chasing Gurus
You can have the best tactic on the planet — but if you're distracted, it doesn't matter.
Here's what we know
- Success in trading isn't about being a genius; it's about having the discipline to focus intensely without distractions.
- You've got at least 3 hours a day to hone your trading skills, but if you can't put your phone down, don't expect to make serious money.
This is the big paradox of trading… Everyone's trying to find the guru with the best tactics. But that's not going to help because you're so distracted that it doesn't matter.
Because you can have the best tactic on the planet but you'll suck at it and if you get any traction someone's going to spot it and take it from you.
So while everybody's out there chasing the right tactic or the best trade alert… you're completely missing the picture. Because you can take an old idea that people like me have been doing for years (like trading penny stocks)… and you can make it work to make $300-$500 (and even several thousand dollars) a day with not that much time invested.
If you can FOCUS, you'll likely be more successful than 95% of traders…
But maybe… even now, you read up until NOW and are still saying: "You know what, I'm just not going to do those things. I'm just not going to do it and I'm just going to be successful anyways." No — you won't.
I'm telling you this because I tried it that way before — and it cost me. So that "I'll just wing it" mindset is ridiculous to me.
Take a look at any champion in any field, sport, or business — none of them are just "winging it." They're all about precision, strategy, and relentless focus.
Look at the titans of industry who trade the very same stocks we trade… look at the athletes in the Super Bowl or World Cup... they don't have any distractions.
You see the best of the best kicking ass, focusing their attention, and winning and you want to go play in the same arena they're in… and you still think you're going to be able to survive? Nope. Not without the ability to laser focus your attention. You're crazy (especially if you're just starting out)...
Really though...
It just comes down to being a little bit smarter and seeing a little bit further down the road than the other guy. Because if you come at trading and try to solve the problem that 95% of people can't solve with only your capabilities and ZERO focus… no wonder why you fail. NO. WONDER.
That's all there is to it. Fix this though..? And suddenly every tactic, pattern, and lesson becomes much easier to understand. It did for me and every successful trader I know. I'm telling you, crack this and you've basically solved 90% of the issue.
Here's what we know
- Chasing after the latest guru or trading tactic is a rookie move. Real success comes from hunkering down and mastering the basics.
- A sharp focus can turn even old-school strategies like trading penny stocks into serious money-makers, setting you apart from the 95% of traders who can't see past the next hot tip.