What Does "रुको" Means? 👶🏻

Before telling you what dose this word means In English I'd like first to talk about how we use it most of the time in our life and the important of understanding how it's powerful tool that is free to use but in the same time it's hard to use.

Especially in our business as traders we need to have multiple (psychology tools) that allow us to find out what the best next deal/trade to go for. "Patience is not simply the ability to wait it's how we behave while we're waiting." - Joyce Meyer.

Let's Identify The Problem 🤔

A lot of traders and I'm one of them at the beginning of our journey in this work we've been struggling when it comes to not doing anything! After spending couple of weeks/months and for some people years of Learning the bases of Trading/Investing and practice days and night trying to find the right strategy and system that could fit his/her trading/investing style, finally it's times to test it out, It's but to see the results of all this hard work in front of you, But,

There's Nothing To do!, There's no good deal to Invest In or Trade to Take!, you keep searching and searching and jump from chart to other just trying to see that pattern that fits to your strategy just to make your first trade/invest but, there's nothing and here's we're the problem begins.

You may say "it's okay, I'll wait for Tomorrow" but nothing happen for the next 5 days and the first week of trading fades away without any trades! You didn't expect that, u asks yourself in Saturday morning after the market closed:

• What's going on?

• Why I couldn't open any Trade? or make any Investment! One week was just wasted for nothing!

• It's my strategy/trading style is the problem? or the market changed?

You may ask more questions to yourself just in order to find out after all the hard work and study that you did and the practice, it seems like you field in your first test without even doing anything!, and then what comes next is even higher dangerous questions such as:

• What if low of the numbers of my Confirmations list?

• What if I have a lot to look for in the chart while the market didn't give it all?

Even when the problem isn't from your strategy or your confirmations, but you may get to the point where you may say:

• I think I need to change /this/ and /that/ in my strategy because they may never show up or happens in the market!

And because of all these questions and self fight within you, In Monday and when Market opens, You start trading/Investing while you have totally different strategy/system from that you studied and worked so hard for; you feel that small changes in your strategy/setup may not affect to your results but what you don't recognize, is you changed the whole structure/shape of the main strategy, and now, it's totally different from what it was before, and all of this because you can't रुको to see your setup comes alive in the chart.

And in Monday's Mornings, you waked up and feels so exited to trade, you open the chart and move from Pairs/Stock to other trying to see your pattern/setup, and Voilà you find it and it's exactly who you want it, the price movement the previous price action and momentum and volume is so perfect which makes you can't hold your fingers any more and 'Click'! You just made you trade/invest that you was waiting for!

Now, what you thing happen after? what's the finally results of the trade you made based on system you've never study and strategy that was made in 2 days between the market close and opens? what do you thing of that trade/invest that was built on setup that based on strategy that comes from self fight within you and psychological issues two days ago?

YOU LOST IT. you just lost you'r first trade.

But the real problem and when you analyze back your trade and look to the details you'll find out that the changes you've made is the Main reason of that Loss, and that's means that the market presented to you the perfect setup, the perfect price action that fits with your old-strategy (before you change it), but because of the small little changes that you was think that it will not effect on the overall results, you were wrong, and this mistake for sure cost you money.

So, What's The Solution 🤷🏻‍♀️

Now, as I said at first this concept happens to everyone in the beginning of every trading/investing journey, and it has to be happened so we can appreciate the value of रुको, and honestly the solution of this type of problems is simple when you read it in this article or in a book or even when you hear it in videos or broadcast but when it comes to apply it in real life, bff, it's tough and unexpectedly hard, but for every big problem you need a bigger what??

Solution!?

No, You need to become more smarter and the correct way to see it is "for every big problem, you need small pisses of solution and connect them together";

When you need to find a bigger solution you'll spend big time/energy/stress/ and testing for every small part of that big solution, but why instead of going from Major-to-Minor, Going from Minor-to-Major, when you mange small part of a big Solution you'll be Aware of every aspect that may occurs to it in future, and for our problem in this article this is the pisses of small solutions that will at the end create a big and strong solution:

1. Is the market trending or ranging?

2. Is there a significant level of support or resistance nearby?

3. Is the trade confirmed by an indicator?

4. What is the risk to reward ratio?

5. Are there any significant economic releases that can impact the trade?

6. Am I following the trading plan?

This small checklist is made to ask you question before every investment/trade you are thinking to make, it's simple principle , all you need is to answer to the voice inside your head that will ask you these questions and if you couldn't get 100% positive (meaning, your answer in some question are not as your strategy required) then the next step is Not doing anything, believe me you don't have to take a trade or hoping to see your setup magically shows in your screen just because you want it! take a breath, and remember, there's always Tomorrow.

for sure you can add as much as you want of Logic questions in your head-checklist-voice, yes at first it may hard to save all of these in your head so it's okay to write it in a paper and keep it in your pocket.

Personally after years of trading my head-voice has developed over 12 checkpoint that I need to go though every single time I trade, and this level comes after long progress, a lot of failures, and discipline.

We've talked before about why you need to think like robot in "When Humanity Falls Down" article and I explained the psychological side of that, this article also can be as continuation of it.

Summary 🤗

(रुको) means (wait), and waiting is a tool, not only way of feeling or something spiritual, and to be clear, waiting is one of the important trading principles and (waiting) is in the first page of the trading-book 101. it's backbones for every successful trader/investor in the planet, you need not only to understand and study how to trade or invest, because this will cover only 30% or 40% of your success as trader or investor, and the rest is psychology game, and every single one in this business has faced this type of problems and there's few people whom find the way to deal with it and practice there psychology, and a lot of people couldn't deal with it (that why we'll never hear of successful investor/trader isn't patient and long-breather).

"The market is a device for transferring money from the impatient to the patient" - Warren Buffett.

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🙋‍♂️ Written by: @itsFiras ┊ 19/6/2020 - 11:16 AM

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