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I don't have a clue...

I don't have a clue which way the market is going, nor do I care. One of the best revelations a new trader can get is that you don't need to know which way the market is going to move. When I say the market "should" continue to trend to this major support or resistance it is because I actually don't have a clue.

Trading is best done whilst knowing you are completely clueless. In that way, you can't be wrong, and pride and emotional attachment are not an issue. For those of you that have traded live money for over a month you know that false pride and emotional attachment is the killer of good trading. Can you see how admitting you don't know the future is liberating?

Can you imagine how all those CNN analysts and mutual fund managers felt when the market first started to crash and they said the worst was over, but it wasn't? Can you imagine how those will feel in this current up move who say the market will recover and the others who say it won't? One group is wrong and will eat their words. It's better to just let price lead and to follow it with a proven trend trading system.

It is totally possible to trade without knowing what's going to happen. In fact, I think it's the only way and that is what I teach my students. The reason it is possible is by trading with only a statistical edge and proper money management, not trading on hunches, tips or what you "think" the market will do.

Many of my students who have been with me for awhile and know my system inside and out still participate in my weekly webinars. They do it for the psychological mentorship aspect. They like to hear my "boring" statements of reinforcement such as:

• I don't know the future and I don't care.
• Don't move your stops or add to a losing trade.
• Stay patient with your winners and don't cash out early.
• Do add on trades when the system says to, if you don't you won't maximize the trend.
• All trends have some sideways or pull back movements.
• Don't worry sideways markets can only last so long, at some point a new trend will emerge and when it does be sure to follow the system and act.
• Small losses are part of an overall winning system, stay patient.

And on and on. Don't worry that part is only about 5 minutes of my live webinars. The rest of the time is answering technical questions and looking at any charts my students have questions on.

The bottom line is that it's ok to not have a clue about which way the market is going, but it's not ok to not have a clue about trading and investing.

Helping you retire on time,

Big A

P.S. - You don't have to learn the full system if you don't want to. You could just follow some of my exact trades on my daily blog, but you are still required to join my mentorship program to do this. I don't like anyone following totally blind. Everyone must at least have a conceptual understanding of why I do what I do in the market because if you don't you won't believe in the system as much and therefore won't follow it as you should.

P.P.S. - You can make even more than my blog trades if you learn to trade the system. The blog only follows a small list of ETFs whereas you could follow the top 20-30 and cherry pick the best set ups each day. Doing this requires an extra 10-20 minutes per night.