Be A Decisive Trader

Take it, commit.

In the 1998 book “Trading To Win” by Ari Kiev (well worth a read BTW)

Ari has this quote
​
​Be decisive
​
​
“When you want to be involved in something don’t bid it, take it. Be aggressive”
​
​
And that struck me…
​
Most of the time patience pays off right?
​
Let price come to you.
​
​But here’s a well-regarded trading psychologist saying what appears to be the opposite…
​
​
Or is it?
​
I’m pretty sure he’s not saying chase the market, he’s saying that if you decide to commit, then take the trade.
​
Don’t try and finesse your entry by a tick or two, hit the offer and get into your position.
​
​Ari is also telling us to commit to a decision.
​
​
Once we decide to take a trade no flip-flopping.
​
Take the damn trade…
​
We’re all guilty of overthinking and bringing in irrelevant data to question the trade.
​
But what’s the worst that will happen?
​
The trade doesn’t work and you get stopped out.
​
Is the financial loss acceptable?
​
Yes?
​
Then be decisive, commit, and let the trade play out.