Developing My Roadmap

Here I am, and it’s Wednesday again, and I’m proud to report, that I’m all caught up.  Man does it feel good!

Sid has changed directions again today.  After ending last week on the awesome high of money management strategies, business plans, and the true power of compounding, he turns back now to barriers in order to help me build my roadmap for trading.For lesson 20 I re-watched lesson 16 (just to remind me of what I’ve learned already and get me back on topic), and then I watched another video, which expanded on the subject of barriers.  I’m beginning to develop a sense for what it will be like to look for a trade.  The barriers provide lots of information that I can use to look for patterns and determine if and when I want to enter a trade.  I can see that this is so important because making an informed decision will greatly impact on my ability to make safe, consistent, positive trades.  That’s the ultimate goal, right?

In lesson 21, Sid shows me how to decipher what is happening between the barriers.  He tells me that I won’t be trading on hunches because that is the equivalent of gambling.  So, I have to do some recon and gather my intel to make good trading decision.  My barriers are like lines in the sand.  The show me historic points that I can interpret and make choices from.  In reading the activity between the barriers, I should be able to identify potential profit areas in which to trade.

Finally, lesson 22 consisted of two more videos on gathering intelligence.  I’m now being shown how to narrow things down so that they are relevant and in perspective.  Sid showed me more trend lines with channels and bisecting trend lines.  It is amazing to see the roadmap forming.  It is a lot to take in, in one day, but that is my own fault.  However, I am finally caught up and current.  Sid promises that I will reach a point that I will combine all the tools he has shown me to empower me…that’s way cool!

I know this is not the trading strategy I will use to trade, but rather one more step in becoming familiar with the tools I will eventually be using to trade.  Sid reminded that this is a one step at a time process, and I’m very glad about that.  It seems quite easy when watching the videos, but my mind still has to process it and put it in perspective.  Not always easy for this aging brain of mine.

See ya tomorrow!

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