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I just exchanged emails with a favorite student of mine (ok, everyone is a favorite, but I really like Brian and think he has enormous potential). He figured something out and I want to share it with you. Here is what he wrote:

"Just checking in to let you know what I've been up to. I was on a fairly good roll for about a month - up about 200 PIPS. Then I fell back into my old patterns and lost most of it. I think my biggest problem is waiting for the trades to come to me. I work during the day so I have the mindset that I need to trade when I have a few minutes to look at the charts."

Wow! Did you catch the super important thing that Brian said? Here it is again:

I think my biggest problem is waiting for the trades to come to me.

Wow again! Here is my response:

Brian,

You are right on the edge of success. You might not be able to see it from where you are, but I can see it plainly from where I am.

The day you recognized that you needed to wait for the trades to come to you, you turned the corner. That is the single biggest revelation you can have about trading. I can say that a million times but it doesn't work unless you realize that yourself.

Here's the deal now -- most people start to get really cranky and impatient at this point, because they realize that somehow they know how to do this, but they can't put their finger on exactly what they need to do -- and they think it's a system. When in reality, it was the realization about waiting for the trades to come to you that matters. John is a good guy and has a good methodology. I strongly recommend that although you don't have time every day, that every day that you DO have time that you set up your charts, get in mind what you are waiting for, and then write down the trade you are waiting for. Then jump on it as soon as it comes.

I promise you that you are standing on the edge of success. This is the kind of email that makes me truly excited because you have figured out what most people never realize.

Rob