How To Be Prepared Trader: Tips And Solutions

Last week was a perfect example of what happens when preparation meets opportunity.

I’m going to share a few numbers with you. But first I want to make one thing clear. This is not about me bragging or showing off. This is all about you. You need to understand the opportunities in the market today. Right now. They are there, you just have to learn how to spot them and execute your plan accordingly.

Because I don’t know how long this will last. I don’t know how long we’ll be in lockdown. You can’t predict how long the coronavirus or the demonstrations will last. Who knows how long the holiday trading vibe will last…

There’s so much money at stake every day. All I can do is take it one trade at a time.

So far in 2020, I’ve made £579K in profits. In September, I made £109K. Last week I made £62K. And on Friday, September 4th, I had my biggest day this year so far — £19,327 in profits.

(**My results are not typical. I have exceptional knowledge and skills developed over time. Most traders lose money and trading is risky. Do your due diligence and never risk more than you can afford.)

What you need to understand is, it’s not magic. There’s no secret. Instead, you need to face the facts. Remember, preparation meets opportunity is only half the quote…

“Luck is what happens when preparation meets opportunity.”

It’s not luck, right? That was the point. With that in mind, in this edition, I’m going to change things up a little…

I’m not trading perfectly, no one does. But there are so many freaky’ opportunities — so many plays — it’s allowing me to be better. It makes me look better. In reality, it’s just that the market is on fire. But that wouldn’t matter if I weren’t prepared.

Preparation Meets Opportunity: Get Your Mindset Right

First, don’t feel guilty if you miss a play. Don’t feel bad if you see someone else making £5K, £10K, or £15K on the day.

Instead, get inspired.

Pay attention — this moment can change your life. I want more people to get prepared. On Friday, I made £19K but missed out on more. I only took a small part of the potential profits. That shows you how much opportunity there is…

The reason I’m able to make that kind of money in a single day and still miss out is preparation. The opportunity is there, and I’m prepared.

When Preparation Meets Opportunity, It Can Change Your Life

Recently I’ve had a lot of email saying “Dom, it looks so easy.” Again, preparation meets opportunity.

Preparation makes it look easy because if you’re prepared there is opportunity. If you’re unprepared, trading can be very confusing.

Markets move fast. Right now there’s a lot of volume and a ton of volatility. Again, this means there’s a lot of money at stake. So it’s imperative you’re prepared.

Why You Need to Put In the Time NOW

It’s not likely you’ll find a better market than we’ve seen the past few weeks. So you really need to put in the time now. Study so that you can be prepared. Even if you’re not making big money at this very moment, try to learn from it all. Then you’ll be prepared next time there’s market mania.

That time might be this week. Or it might be next year. Here’s my point — success happens when preparation meets opportunity. The reason it looks so easy for me right now is that I'm always prepared. I put in the time. What will you do today to prepare for tomorrow’s opportunities?

There’s no magic formula for getting rich. There’s no magic formula for learning everything right away. You can’t download the information like you see in movies. But you can work to speed up your learning curve…

Study study study... I call this Two Hands Approach.