Trading Like a Robot

The word “robotic” brings to mind “input and output”. You think about immediate reactions. You put something in, you get something out. Well, when it comes to trading, it's sometimes very difficult to put in practice simple things that you might learn from one of our seminars. You might be sitting in class thinking, “that sounds easy enough - when the stock is at this point, you go hit this button, when it goes up here, you hit this button”.  And really, when you're doing it correctly, it feels that easy. The problem is, we get emotionally involved with our trading. 

If you're not in a play, you don't really care what a stock is doing. The second that you enter that trade, all of a sudden, you get emotionally attached to it. So you're sitting there watching it every second, wondering...what is it doing? What is it going to do tomorrow? What is it going to do, maybe, next week?

And now, all of a sudden, these emotions start flowing, and it becomes harder and harder to make the right decision at the right time. It can make it very, very difficult. In fact, I think it takes lots of experience to finally get to a point where you can commit to just simply say, "I want to get in at this point, or get out at that point." You’ll know you've made significant progress in your trading skill set when you get to a point where you are able to do that.

We want to encourage you guys to become more robotic. Now, understand, a stock doesn't always do what you want it do, so that's where you're going to stop out.  You'll hear us say over and over again, "Lose little, win big." Trade like a robot.