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1 Lesson Billionaires Taught Me About Trading

by | Jun 15, 2020

Did you ever wonder why influential people wear the same clothes every day?

• Mark Zuckerberg wears his famous round neck grey t-shirt.
• Richard Branson wears his famous pair of jeans.
• Steve Jobs wore his black turtle neck.
• Barack Obama wears either his blue or grey suit.

Well other than promoting their signature look, there is a much more deeper and important reason for it…

You might want to consider this analogy for not only trading, but for every important aspect of your life.

Why Mark Zuckerberg wears the same outfit

Facebook CEO, Mark Zuckerberg held the first ever public Q&A session at FB California headquarters in November 2014.

During the hour session, he was asked why he wears the same grey t-shirt every day.

Here was his answer:

“I really want to clear my life to make it so that I have to make as few decisions as possible about anything except how to best serve this community,”

“I feel like I’m not doing my job if I spend any of my energy on things that are silly or frivolous about my life,”

Less decisions – More success

This concept to make one decision on what outfit to wear, is to help prevent ‘cognitive fatigue’.

One less decision to worry about in life will save your brainpower capacity to help make decisions that matter for the future.

Besides, the more decisions you make – the more complicated life is.

Ok, so you got the gist…

Here’s what this lesson taught me about trading

As a trader, there is plethora of events taking place every day.

There are countless factors to consider:

Markets
(Forex, shares, indices, commodities and cryptos)

News events
(Employment, GDP, macro & micro announcements)

Indicators
(Moving averages, RSI, MACD, Price action etc…)

Time frames
(Tick, 5 minutes, 30 minutes, daily, weekly)

Strategies
(Moving average crossovers, breakout patterns, volume analysis)

It’s enough to test everything until the end of time!

That’s why, I have personally worn the same metaphorical outfit for the last 11 years.

NOTE: It took me 7 years to find this outfit!

1 Strategy – MATI Trader System
1 Time frame – Daily
1 Indicator – Price action
1 Risk level – 2%
1 Financial instrument – CFDs

It’s all about finding what you find comfortable, consistent and sustainable…

How to find your one outfit when you trade

This is most definitely a self-introspection journey to find the ‘outfit’ you will be wearing as a trader.

To start, write down your trading strategy and markets you want to trade…

My biggest tip – Keep it simple, minimalistic and comfortable…

Trade well and look after yourself,

 

 

Timon Rossolimos

Founder, MATI Trader

Author Note:
It took me 7 years to find my one trading ‘outfit’
If you’d like to skip the entire learning curve and adopt and profit with my only trading strategy send me a blank email and claim a R1,000 discount by clicking here…

 

PPS: Did you watch the MATI Trader Video for the week? Click below to catch up.