Say you are out for a round of golf with your buddies. You are on the 8th hole on your favorite course. You know that on this hole, you always tee off using your 3-wood, as it provides the greatest accuracy and allows you to keep your ball in play, on a great spot on the fairway.
However, you are last to tee off and all of your buddies walk up to the tee box and pull out their driver.
Because of this, you decide, “Hey, you know what, I’ll use my driver as well! Everybody else is doing it, so it must be right!”
How do you think that will work out?
I’ll tell you, based on personal experience, that you are going to take that driver and slice your drive right into the woods. You are not going to land it on the fairway and you are going to be much less accurate than you would have been had you stuck with your first instinct.
When you don’t follow through with your first thought and instinct, you go against your gut feeling and an overwhelmingly majority of the time, you will face negative consequences.
Now, relate this thought to trading.
When you are day trading, it is absolutely vital that you follow your first thought or instinct.
Think about what ProTrader Mike said during the first class of MOJO U on Tuesday night. During the lesson, he was talking about how vital it is to stop when you hit your goal in trading.
As an example, he said, say you play a stock 3 times. Each time, it goes through Heinz or Mini Heinz and you collect your profits, as MOJO does on a daily basis. When the fourth time to trade that stock comes around, do you really think it is a good idea? Deep down, don’t you know that you’ve already hit your goal and it is not worth the risk? Isn’t there a good chance that this will be a losing trade according to MOJO Wave Theory?
If you want to make a career as a ProTrader, you need to learn to never second guess yourself. You need to learn to trust completely in the MOJO System, learned in MOJO U, and the picks of ProTrader Mike. The MOJO System and the MOJO Rules of Trading have all been designed to make MOJO Traders as profitable as possible.
If you second guess your trades, or hesitate with your decisions you are going to lose. Second guessing or hesitating is the sign of somebody who is unsure of what they are doing, and you should never be making trades if you are unsure, as that is an absolute sign that the trade is not based around positive expectation.
Ask yourself, how often does ProTrader Mike second guess his decisions in the MOJO Day Trading Room?
How often do you see ProTrader Alan second guessing his traders? Do you see Alan hesitating and wondering if he should execute the Heinz Trade?
No way! Alan has already executed his orders and collected his profits by the time the second guessers enter the trade!
With MOJO Day Trading, you can be sure that every single trade announced in the room is based around positive expectancy. ProTrader Mike has over 20 years’ experience in the market, so he is never going to walk up to the tee box and change his clubs.
Make sure to take some time and watch the recording of today’s LIVE stream, as ProTrader Mike and the MOJO Team traded live on YouTube from the open!