Why you can’t force success in trading (and willpower is only in your way)
Why you can’t force success in trading (and willpower is only in your way)
There is no hustle culture in trading. In fact, one of the main reasons new traders arrive overconfident and leave broke is that they won't believe this truth: You can find success in trading, but you can’t force it.
Not every session offers an edge, and treating sheer effort as a substitute for market conditions is a fast way to blow up an account. But the goal of every trading session and every tool in your setup should be the same:
Know when to trade…and when not to.
Trade expectations
“I shouldn’t have traded today.”
Every trader has experienced an afternoon like this. You’re staring at a chart full of chop, littered with executions from a morning that had nothing to offer.
The market owned you. And not just you, it owned your tools and your strategies too. Following rules didn’t matter. Neither did breaking them (as usual).
So why did this happen?
“In many people's careers, they’ve been able to create success by driving or executing an opportunity when others lacked the drive. In trading, you can’t create Jack. You must have the patience for the trade to come to you. For many, it’s the first time in their career that they could not create their own success. This is one of the most difficult lessons you must master to be a successful trader.”
- Jason Kramer, head trading trainer for Jarvis
For traders in their first year, survival begins with reshaping expectations.
Every trader starts out overestimating their own ability. Once you grasp how the market (the objective battleground) works alongside your mind (the subjective battleground), you’ll stop feeling guilty about walking away from dead trading days and start to see discernment as one of your greatest advantages.
The market owes you nothing
When trading, you participate in a market that cannot be bent to your will, doesn’t care about grit, and has no regard for your emotions, lifestyle, or family.
That statement should get your attention.
It should also dictate practical measures for approaching the market each day. When deploying a strategy like signal trading, you must stop looking for ways to make the market work for you and instead find patterns that give you an edge.
Market volatility is a prerequisite
Most strategies or tools require certain market conditions to succeed.
For retail models and signal services like Jarvis, volatility is the preeminent condition for opportunity. That means traders should be active about assessing conditions as they enter the trading day:
- What is the perceived volatility of my instrument?
- Is enough volume present in the market?
- What ATR is needed to reach the profit targets I’m aiming for?
Retail traders need price action to achieve profits. Observe these market conditions each morning, and remember, not every day will provide the volatility you need. And that’s ok.
Trading indicators are a compass, not an engine
Traders should use tools, but expecting them to do more than they’re built for may leave you frustrated with something that actually works—just not the way you hoped for.
You added the tool because you understand its power, but you also have to understand its limits. Imagine a sailor frustrated at his compass for not making a storm die down.
Tools help you navigate the market, not control it. And there will never be a tool put in the hands of retail traders that creates or controls market conditions.
Opportunity dependability vs predictability
The market doesn’t distribute opportunity in equal or predictable portions, and many traders miss their biggest opportunities simply by not being at their screens when the best action is available.
Think in day trading terms. If a month holds 20-22 trading sessions, institutional volume naturally concentrates around major economic catalysts and earnings windows. Volatility clustering suggests we should expect 15 days of modest or flat price action, punctuated by 4-6 breakout days. Retail traders don’t get to know when those will occur, but the frequency is reliable. This concept translates to other timeframes as well.
To succeed as a trader, you must be available more than you expect to be active. Since you can’t force profit when the market is flat, strategic patience is required to keep you available for the conditions you rely on.
3 surprisingly self-destructive trading traits
Now, what about the battleground inside our own mind?
Every trader has toxic traits that hinder balanced decision-making. Who hasn’t executed a trade and instantly thought “I know better than that…”
So what traits lead us to engage in markets that offer little to nothing?
Stubbornness
Stubbornness is poison for traders, and we’re tempted to name it something more noble, like grit. In reality, traders only do this to mask the fact that the problem with your trades is you.
Knowing when to walk away is a skill in trading. That skill is the difference between traders who are marks attracted to casino culture and those who prefer to play when the odds are in their favor.
Sometimes a chart is telling you “not today.”
Let it. And live to play another hand.
[How overtrading destroys accounts.]
Boredom
Boredom seems like a ridiculous reason to lose money. But it’s probably one of the more prevalent emotions involved in losses.
Many traders crave action and action without an edge can feel better than no action at all.
- Brett Steenbarger, Ph.D.
Anyone who can’t handle boredom doesn’t belong in trading. If an hour of watching bar-coding on your favorite ETF leaves you thinking “time to make something happen”, your account is on its way to zero.
Optimism
If your strategy is working, you will see it in your P&L, which is easy to track. You’ll also see it in your win/loss trade percentage, which requires deliberate tracking.
It’s easy to be an active, optimistic trader who doesn’t even realize you’re winning only 38% of your trades. But if you’re trading with capital, you can’t afford to lose your bearing like this.
Track your results, and you’ll see that there are simply days you shouldn’t be trading.
How expert traders handle flat days
Amateur traders look at a flat chart and see a puzzle they need to solve. Experts look at the same chart and recognize they have no statistical edge.
Sometimes the only winning move is stepping aside.
Here are a few ways to practice acceptance on the days when restraint means more than cunning:
Assess the weather
You have indicators of what the trading day will hold, so build your morning routine around assessing the horizon. Premarket range, ATR, and perceived volatility are all measurements at your disposal.
Your goal is to find trading days that set your strategy up for success. If you can see a storm coming, don’t leave the shore.
Reset your bearing
Treat sitting in cash as an active position. It’s a candlestick you can stare at for hours, knowing with certainty that you’re not losing capital.
In flat markets, your goal should shift from “finding the perfect entry” to “protecting your cash”. If that means walking away for the day, so be it.
Ready strategies for ready markets
Successful traders build their strategy on tools.
As we’ve expressed above, Jarvis is not a tool that will change the market for days that offer nothing to traders. But when the market starts to roll, you’ll be glad you were ready with more than a gut feeling.
Read more about how Jarvis signals work, and when you’re ready to check them out on your own chart, your first 30 days are on the house.
Conclusion
There’s a lot more pride involved in trading than we’d like to admit, but at the end of the day this isn’t an esteem game. We trade to make money, and ignoring the market and our own internal narrative only makes that harder.
Next time you’re staring at a chart with insufficient volatility and low volume, ask yourself this: Is the market actually offering an opportunity today? If the answer is no, you can either shut down your station or spend hours at it, giving your money away.
Protecting your capital is not admitting defeat. (The market-makers would love it if you believed that.) Know when not to trade. Take a day for yourself. And come back tomorrow, because it’ll be a whole new day.
