The term trading the zone has become almost synonymous with success in the online trading world. Even though it refers to the zone between the sell and buy stages of a stock market trade, anyone can do it.
As we shall see, there are many ways to get into the trading the zone and make consistent gains. However, with enough effort and consistency, you will start to see your losses decrease and your gains increase.
This is what most people looking to enter into the world of online trading mean by “thezone” – a place where you are extremely confident in your decisions and skills, as well as disciplined enough to stick to your plan until it pays off.
If you can achieve this, then you will be able to hold your own in the virtual world where confidence is key.
The power of mindset
We all make decisions based on emotional processing of information, not just in moments of stress, but across the day.
We process information using our thoughts, not our toes or stomachs. We choose our thoughts every time we speak and act, even while we’re shopping or cooking.
How we think determines how we behave. A thinking style that is upbeat and positive rules my actions at work and in my everyday life.
The wrong kind of thinking can cause us problems. The word thinking comes from the Latin word for “to wander aimlessly into ideas” or “to pass lightly from one idea to the next”.
We all have an inner thinker that wanders around with us when we think. It’s a good thing or a bad thing depending on your point of view.
When it wanders too freely, it can create problems such as inflationary thinking which makes you think things will continue to go well and you want them to be always happy and positive outcomes.
The market is not wrong
We are not doomed to buy and sell in the market or on your 401(k) plan. You are not responsible for the market or for your retirement.
You are only responsible for yourself and your own behavior. It is you that has to play the market game with confidence and discipline, not the markets!
The best way to play the market is to start with a small position (or few thousand dollars) and then incrementally grow your portfolio as you learn about stocks and changes in stocks.
Once you have a baseline of skill, you can add some higher risk positions if you feel comfortable with your understanding of stocks. There are many sites that can help you develop this skill set.
It is important to keep an attitude of confidence when playing the stock game. If you feel nervous or unsure, then reduce or eliminate those positions from what you would in normal market conditions.
Stop being a victim
We are not going to be successful as a traders if we don’t learn how to stop being a victim of the market.
It will take you away from the spot where you feel comfortable and safe in the markets, which is when you can control your money most effectively.
You have to believe in yourself, and have confidence in your trading decisions to be able to apply the Trading in the Zone strategy effectively.
If you don’t think you have what it takes to become a successful trader, then first, consider whether you need help or support from another person or entity. If so, find out what made that person or entity feel comfortable enough to trust them, and apply that same sense of confidence in yourself.
Second, learn how to use the Trading in the Zone strategy by being patient enough to let it work for you. It takes time to put into place all of the supports and actions needed to succeed.
Prepare and prepare again
It’s always good to have a plan when the market is in a bull market. You can easily get overwhelmed and excited, making you less prepared if the market changes.
But there are many ways to be ready for the market. Try doing your weekly shop two weeks in advance to be ready for increased stock and sales. Or make your monthly shipments of funds two weeks in advance to purchase sellers that are low in supply.
Make sure you’re shopping online and at retail stores that you trust, such as your local grocery store or pharmacy store.
Don’t be afraid to shop around or surrender yourself to buying things you don’t need. The best way to recover from over-shopping is by going out shopping again!
Try not spending more than you have got for today, so that next week you can relax a little bit more.
It’s time to set goals for yourself. You can have goals that are very broad, like making millions of dollars a year or working at the top of your field, but they should be goals.
You can’t aim for a target and expect it to hit without having a plan for how you get there.
Having specific, brelable goals will help you feel motivated to work towards them every day, making it much easier to maintain the right attitude and confidence.
By having goals that are smaller than your life, like making $5,000 profit this week or finishing your trading course in two weeks, you are still setting yourself up for success.
You are still aiming for the same goal week after week, but this time you are being more specific about what you want and how to get it.
Take action and keep taking it
It’s never too late to trade the way that works for you. You can now be the one who gets it right most of the time, and you can choose to continue to work towards your goals even while trading in the zone.
Trading in the zone is a mindset, not a strategy. You cannot logically plan your way into the zone so this article will not deal with that. However, there are several ways to contribute to thezone mentality in your trading so this article will talk about those.
There are many ways to reach thezone mentality and only a few people will ever reach it. The best way to do this is with …
The best way to do this is with …
courses and online videos on how to master the market without being aggressive or overconfident.
Learn from the masters
No matter what type of trading you are doing, no matter what level of trading experience you have or how much time you spend in the market, there are some basic rules that every trader should know.
Most importantly, these rules apply at all levels of trading – from beginning traders to more advanced users. Even the most experienced traders can benefit from knowing these rules.
Take for example Trading Direct, one of the premier online trading firms in the world. They claim that their most important rule is to never trade when you are not confident in your trade and your entry. This comes from a simple belief that if you are not sure about your trade, then don’t trade!
Another rule that applies at all levels is never to sell when you are printing money and never to buy when you are melting down.
Trade small stocks for big profits
If you are looking to make a small stock trade, consider a penny stock. A penny stock has a market value of just a few dollars, making it an easy trade to make.
Many retail firms have become very small-sized companies that grow larger over time. These firms typically create high demand for their products, which they sell through their large stores or online.
These firms can be valuable to have in your portfolio as they can provide quick gains without having to purchase huge amounts of stock. Many find these stocks very profitable as they are not hard to buy and put your trust in.