The Gold Ring

It is important to learn from the wisdom of others who have made a success of trading. That being said, I also believe that those who dare to look for opportunity beyond what has been recommended and taught can receive the gold ring.

When I first came into the business of being a success coach for traders, there were only two other people in the field and both were men. I was told that a man would not want to work with a woman. They were right in the beginning, until I dared to go beyond that belief and prove them wrong.

You must stretch and risk and go against the norm for grabbing the gold ring.

Traders who go for the gold

Several of the traders whom I have worked with first started with a foundation of what was tried and true in the markets and then searched to find their own opportunity.

Black box

One of my clients has a mechanical system that he developed and only monitors and tweaks. Talk about a cash cow. He enjoys his life with his family all over the world taking his computer with him to monitor that the system is doing what it is supposed to. Of course, there was that one time where he lost over three hundred thousand in one trade, but in the overall picture of making over five million in a year, a small adjustment fixed it.

Abnormalities in markets

A client in Canada is cashing in on an abnormality that he found in the markets. This was after he was not sure that trading was for him. When he found that he was only able to bring in thirty percent with the technical analysis that he was taught, he knew that if he was going to stick with trading he had to find a better way.

Intuitive/discretionary trading

While I cannot help my traders with the technical side of trading, the intuitive side is my forte. This is where most of my clients, who are looking to grab the gold ring, will find that unusual opportunity. But of course, this type of trading is not for those who have not been successful as technical traders. That foundation and the handling of psychological issues is a must before you go into this realm of trading.

Improving on an idea

Now, this is an area that all who have learned a strategy can reach for and grab the gold ring. Again, I warn you this is not for the brand new trader. This is for the trader who has learned to be proficient at a particular strategy and improves on that strategy through time. This is where consistency in following pre-determined rules must be adhered to and monitored by journaling what happens with every trade that you take. If you are not consistent, you need to work with a coach on handling your self-imposed limitations on following your rules.

Conclusion

Being normal is safe, comfortable and the best place for most people to stay. But if you are one of the few who will dare to go beyond the norm, then you might be the one to also be a leader, shaker and the one who gets the gold.

Adrienne Toghraie coaches traders and investors to their next level of success by helping them overcome their self-imposed limitations. She has been a keynote speaker since 1989, author of 13 books, and owner of TradingOnTarget.com