Broad Market Outlook
After clocking more then 50,000 miles on 2 wheels over the last decade plus of riding a motorcycle, I shifted gears from riding on the streets and went to a private race track to test my skills for the first time this weekend (an absolute blast btw).
Now when you get there, for anyone who rides know, you just want to get out there a punch it as most think they can easily race down the track the same way they do on public roads.
The riding coaches know better and force you to learn the basics. Body position, hitting the apex of the corner, when to start braking, etc. Just like we did when you first started with Trading Experts.
Everyone wants to start trading, yet we sat you down to learn order types.
Before I went out for my first lap on the track, my coach uttered a few words that really struck a cord "go slow to go fast", which at first glance, doesn't seem to make sense.
But when you think deeper it resonates in more areas then flying down a race track at 150 mph.
On the track there are guard rails just like on the highway, if you hit those going fast enough, you good as dead, obviously don't want to hit those.
Just like in trading, there are margin calls, earning reports, option expiration dates, and plenty of broad reminders of when you can get seriously hurt. Things we avoid at all costs.
Then there is the rumble strip, the start of the shoulder on the track/highway that makes the rumbling noise when your tire drifts off into the slow lane. A reminder to move away. Just like our stop orders do to our positions when they move too far away from our comfort zone.
Then there are the cones and markers to give you information on when to start braking and turning before the corner. In the market, there are thousands of cones and markers, yet you have to know what is information and what is noise. We try to drown out the noise by focusing on the charts.
Most importantly there is your racing coach at the front that you are following to learn how to ride the course most efficiently. Just as Shake and myself try our best to show you the easiest path that has worked for us after clocking 1,000+ laps on the stock market race course.
Now there are some who want to go fast first and end up being the slowest or crashing after the 2nd corner. I have known plenty of traders and even ex Trading Experts members who were in such a rush to go fast, years later they are still worse off then when they started.
The fast trader wants to brag about his 500 share trade, the slow trader learns from his 5 shares.
Each lap around the stock market course, we pick up a little speed, learning from our prior mistakes and eventually in time we are going much faster by starting out slow.
Keep going slow and learn from each lap, eventually your account will be racing much faster down the road by starting slow today and perfecting the basics.
From Ben G
Macro Rotation Outlook