By Rob Colville on October 5, 2017 in
When you trade you have to expect the unexpected. You have to get used to it. You just do. Why? Because if you can accept the uncertainty of trading, you can relax into things a little more. You can start thinking about the result, and not the process. And that’s important.
Being told to expect the unexpected is not what we’re used to. As humans, we much prefer having a level of certainty to see us through our days. Even those of us who love to be spontaneous like something definite to come home to. And as much as we try to make trading certain and definite, it’s just not really going to happen. The charts can help us be almost sure, but never one hundred percent. Which is why expecting the unexpected has got to be a way of life when you trade.
If you like to be in control and don’t want to have to expect the unexpected, then it might be time to think again about trading. There is no real control in trading. Humans like to look for it, like to think they’ve found it, but it’s not there. If you trick yourself into thinking it is, you could be in for a nasty shock. But understanding that you can only do what you can do and no more will stop you from making irrational – and costly – decisions. In fact, some would say it is uncertainty that makes the most successful traders. They don’t just go ahead regardless, sure that they will win out every time; they think about things, knowing that they can’t just assume everything will work out as it has before; that is how to expect the unexpected.
It’s always easier said than done, but when you are comfortable with uncertainty, when you can truly expect the unexpected and be happy about it, you can trade with ease. You can trade profitably. Every time you put on a trade, you need to know that it might not work out. That it might disappear altogether, that it might lose you money. Only trade with an amount of money that you would be happy to lose, and then it makes no difference (not a huge difference, at least) to how things will turn out. You just keep trading and hope that the next one will bring you in some cash.