Trader's, Opportunity Finder

Here's a quote from Nassim Nicholas Taleb's book ‘The Black Swan' describing that phenomenon:

“… seemed to follow implicitly, though not explicitly, Louis Pasteur's adage about creating luck by sheer exposure. ‘Luck favors the prepared,' Pasteur said, and, like all great discoverers, he knew something about accidental discoveries. The best way to get maximal exposure is to keep researching. Collect opportunities…”

Our job as traders is to get ready to collect our opportunities. Trader's are basically opportunity finder and opportunities can be in any form. Most of the time you will find opportunities reviewing your trades, taking sometimes off from your screens and searching inside yourself.

Today it has been the first time since 77SigmaTrading was established on February 22 that I was away from my screens,  I have been struggling to control myself from checking the market every 5 minutes.  Why am I going through this?

Because if you want to find your opportunities you need to stop sometimes and review your work. What I have found today is that we offered quite a lot of informations through our Morning Meeting, MidSession Review and European Closing Thoughts, as the time went by I discovered that posts became more anonymous meaning that they lacked our “unique” touch.

Therefore we are trying to re-design the way we report our informations, if I was trading today I would not have been able to go through all the posts with clear mind.

I'm not writing just to inform you on what we are currently doing, I'm giving you some hint for your “business”. Trading is a business, reason why sometimes you need to stop and detach yourself from your trading and studying it as it was a “farmer” business, with its cash flow.

When you will review your business remember what Bo Bennett said:

“An excuse becomes an obstacle in your journey to success when it is made in place of your best effort or when it is used as the object of the blame. -”

Do not use excuse for yourself, remember make yourself accountable for your trades.

Have a great evening.

Originally posted at www.77sigmatrading.com