My bestie’s kids are playing soccer and they’re nine. Most of the kids on the team are still playing kickball and that’s ok – they’re still learning – but a few of the kids are starting to “get it”: Her son is one of them. He stops the ball, looks up, and then passes the ball forward. He’s learned that keeping your head up and eyes forward allow you to see the whole field.
There’s a trading lesson here for sure and oftentimes the very things I teach and write about are to keep me on the right path too. And sometimes it comes from a nine year old.
These last two weeks my open trades list has been active, almost exhausting. It’s easy to get caught up in simply managing the positions and not think about making sure that when I eventually scale out of these trades I will need to have others to enter and manage. That’s why it is so important to have an active RADAR.
I have to keep my head up and eyes forward…
I must make sure I can move from my current Pipeline of open trades to my Radar which will likely be where my next group of entries will come from.
In today’s video you’re getting a look at the beginning of that list. I have pending orders in the CHF/JPY, AUD/JPY, and USD/CAD (I recently added the GBP/AUD also). You’ll also see just how busy I have been these past few weeks with the current positions I am managing.