Excerpts from the manual Seeing the Future
Plan the trade, trade the plan. Many books and particularly the media romanticize trading. They portray successful traders as "gunslingers" with nerves of steel. Men and women that can bet on the toss of a coin and always be right. Nothing can be further from the truth. Successful trading requires that you plan the trade in advance. When you are in the trade you will act naturally because you have already run the trade through, many times in your head. You will have traded the plan. Try to recognize the dominant wave and then try to anticipate the five turning points.
Dealing with pressure. Pressure is created by anxiety. The anxiety of not knowing what will be asked of you. The uncertainty that comes with spontaneous trading. This should not be you. Once you have the confidence, through testing, that a methodology has good logical design, then and only then, will you begin to trade with a calmness that is only associated with professionals.
Prepare yourself mentally to enter the "sweet zone." As many of you may already know, paper trading is not at all like real trading. When you look at a chart and think that a top or bottom would have been a good place to buy or sell, you are in effect paper trading. To pick up the phone and say NOW is another story. WolfeWave analysis mentally prepares you for this opportune spot that I call the "sweet zone." You will know in advance where it will take place. While others are panicking, you, after you have confidence in this method, will calmly pick up the phone and fade the market. It may look scary, but it only lasts for a short period of time before you'll have a profit. You will quickly learn why some people win and some people lose. They cannot do what you can.