Again, you have one boss—the Market. The market will disrespect those who disrespect her.
-
If you are unprepared, you will be punished.
-
If you lack discipline, you will be reprimanded.
-
The market eliminates those unworthyof participation.
Some examples of being disrespectful as an intraday trader?
-
If you are doubling down, then you are being disrespectful.
-
If you fail to hit stocks that hit your predetermined exit price,
-
If you are unprepared to trade, then youare being disrespectful.
-
If you ignore the price action of a stock or the market because they are disharmonious with your predictions, then thisis disrespectful.
-
Anything less than your complete focus is disrespectful.
-
Thinking you know best, or you are bigger than the market is disrespectful.
The result of such actions are heavy fines from Mother Market.
When you actively trade like we do, you compete against the most sophisticated people in the world.They may have more money and experience than you. They probably are armed with more information than you,
Who the hell are you to think you can roll in at 9:15 AM, sit down at your trading terminal , check out a few websites, glance at your filters, and think that you can compete against them?