Do you search for the ultimate trade set-up? Spend time looking for that one big winner that will turn your trading around? Hit that home-run trade that will make you rich beyond your wildest dreams?
There are many trading opportunities during the day, and some of them turn out to be hugely profitable trades. The only trouble is identifying which of these trading opportunities will be that big winner!
The Search For The Ultimate Trade Set-Up
Some traders spend most of their time searching for that one single home-run trade that will make them multi-millionaires. In fact, they are so obsessed with hitting that big winner that they spend most of their time searching instead of trading!
After all, who wants to miss that potential once-in-a-lifetime trade?
But that’s exactly the issue. While such trades like these exist, they come along only occasionally. In fact, when they do, you won’t know it’s a home-run trade until it actually turns into one!
There’s nothing wrong searching for such trades, because if and when you can find them, they provide huge profit potential. But if you spend all your time searching for this big winner and not trade other high probability set-ups, you could end up with a lot of missed profits instead.
So why do traders search for the Ultimate Trade Set-up?
There are several reasons, some of which are:
- Fear of leaving money on the table
- Wanting to get rich in one single trade
- Being conditioned that trading success is the result of always hitting big winners
Misalignment With Trading Reality
The fear of leaving money on the table is a perfectly natural, ingrained human trait. Who doesn’t desire more profits and perfection?
The truth is there are no perfect trade set-ups that work every single time. Because of this misconception, traders spend time and energy searching for that one perfect trade set-up.
Yes, you know, the big home run winner that will make Millions. 
Why does this desire come about?
In human society, we are conditioned from young to strive for perfection at home, work and school. It’s a commonly held belief that to be successful in anything at all, you have to be perfect in everything you do.
However, this misconception of perfection equals success causes a lot of unnecessary stress. And this stress then clouds up the mind, and can cause you to lose clarity in trading the markets.
Stress also causes you to stagnate and move further away from your trading goals.
When your mind is clouded by stress, it’s harder to see clearly. Taking the necessary actions and steps towards honing your trading skills also becomes tougher. When you are stressed, it’s hard to focus on doing and learning what needs to be done now. Instead, your mind can be filled with fear and anxiety.
Trading Reality
The reality of trading is that nothing works every single time. No system can produce 100% winning trades with no risk. There are no systems that guarantee you big winners every single time.
There is always uncertainty involved when trading in any financial market.
Having this belief that you have to be perfect, to trade the perfect set-up produces fear and anxiety. Why? Simply because on some level, you probably know that nothing in life is absolutely perfect or guaranteed.
Besides, even if you believe you have the ultimate, perfect trading set-up, you’ll find out soon enough that it probably isn’t true.
This doesn’t mean you are to be a trigger-happy gunslinger. You still need to develop your trading strategy, have a detailed trading plan, a robust trading system and proper preparation for potential adverse events that might happen in the course of your trading career.
By realizing the truth about the misconception of the ultimate trading set-up, you free yourself from unrealistic expectations and start taking steady, consistent and concrete steps to honing your trading skills, expanding your trading knowledge and start moving closer towards trading success.
Trading Success Doesn’t Require Perfection
To be a successful trader, you don’t need to be perfect. No one is perfect anyway, and there are traders who still make profits on a consistent basis.
Realize that it’s impossible to be thoroughly competent and perfect in every single aspect of trading. Stop pursuing that impossibility. You just have to have adequate preparation for the risks involved in trading, a solid trading system and contingency plans for possible adverse events.
You don’t have to be perfect, or hit big home-run winners every single time to be a successful trader. It’s OK to leave some money on the table sometimes, so long as you are consistently making profits overall.
Relax, clear your mind, and hone your ability to execute your trading plan consistently. You’ll end up taking home more profits in the long run than just still be aiming to hit big winners every single time.
And that’s what counts, right? 