I spent the better part of this weekend decluttering my house.
Inspired by a couple minimalism theme blogs like this one — my girlfriend and I systematically went through each room in the house and separated everything we own into the four categories.
- Stuff we needed
- Stuff we could sell
- Stuff we could donate
I have to say, this is the best thing I’ve done for myself in a long time! Gone is the extra TV in the bedroom, gone are several pairs of sneakers I never wear anymore, gone are the trading books I’ve already read…
By the time we were done — we were both VERY relaxed. In fact, I can’t remember being this relaxed in a long time. I’m talking about a deep, intense relaxation that comes from knowing you’ve turned a corner in your life and that you won’t be going back.
Of course — as with anything I do in life — I tied it all into trading somehow.
When I first started trading, I loaded up all of my charts with crazy indicators and fib retracement levels and lines and squiggles. It seemed like every trading website I went to talked about a new trading indicator and my charts collected them all like a basement filling with junk.
None of it helped to make me any money. In fact, it had the opposite effect. I never knew WHAT I was looking at on the charts — or which indicators to use — or what a buy signal looked like or what a sell signal looked like.
Then I read this book on trading strategies and it began to make sense. NONE of the indicators I was using produced enough of an edge to make money consistently. None of them.
When I read that I cleared off my charts and learned how to read simple price action. And it had the same effect as decluttering my house did. Relaxation! I mean, I could actually see what I was trading! At last! Double bottoms, continuations, breakouts! They were all there.
There’s a reason why the massive retail traders (Dan Zanger, Nicolas Darvas, Timothy Sykes) work with a few trusted chart patterns. Because it works! Seeing what you’re trading works! Also, you start to realize that the real key to success in the market isn’t a freaking indicator — it’s you.
It’s all about you.
So go ahead — declutter. I dare you. Wipe your charts clean, like I talk about here — and see if it doesn’t help! And clean out your house, too! You will be amazed at how good it makes you feel.