Baseball season is back! Baseball, America’s Favorite Pastime. I used to play baseball just like every other kid growing up. I loved it, games, practice; it didn’t matter to me as long as I was out there playing the game. One of my favorite parts of practice was batting practice. I’m sure most of you know what a normal batting practice consists of; basically a coach pitching a bunch of balls to his players to hit. It was great, hitting 40+ balls in just a few minutes. But now that I think about it, it was the worst practice that a player could achieve. Why, you ask? Simple, the players aren’t really learning anything. In fact, they are actually regressing! Why? Because they are swinging at every pitch! To put it another way, come game time, they’ll be swinging at pitches they shouldn’t be swinging at.
To swing or not to swing
When I have a son/s, I hope to coach his/their little league team/s. I will make sure that batting practice is done the right way. What is the right way, you ask? Well, first of all, I will take my time with batting practice. Second, I will make sure that my players only swing at the best pitches. This will ensure that they are learning properly. They not only need to learn how to hit the ball, but also when to swing and when not to swing at the ball. Batting practice should be used to:
- Learn how to hit effectively
- Learn how to swing the bat efficiently
- Learn how to differentiate the difference between balls and strikes
- Learn how to hit the ball to different areas of the field
- Learn how to bunt effectively
- Learn how to take a walk
- Even learn how to get hit by a speeding pitch, aka take one for the team!
These are just a few invaluable lessons that can be gleaned from batting practice.
To pull the trigger or not to pull the trigger
The same principle applies to trading. Everyone reading this has traded a demo account! This is always recommended to my clients. However, there are rules to trading a demo account. Practice does not make perfect. Perfect practice makes perfect! Trading a demo account wildly with no discipline will not help you one bit; in fact, it could be very detrimental to your trading success. When trading a demo account, you need to trade it as if you were trading own live account. This will ensure that you’re not swinging at every trade, but only the best trades! You must use your demo account to:
- Back-test your system
- Learn how to use your indicators properly
- Learn when to trade and when not to trade
- Learn how to use entry and exit strategies
- Learn how to use position sizing techniques
- Learn how to use pending orders
- Learn how to let your losing trades get stop out without caring
- Learn how to let your winning trades keep going without caring
- Learn how to use discipline when losing and winning
- Just overall learn how to effectively trade your system
These are just a few invaluable lessons that can be gleaned from using a demo account; but only if you use your demo account properly. Don’t underestimate the power of your demo account! I hope this simple but invaluable article helps you in some way. For more awesome articles and helpful videos just go tohttp://fusiontradinglive.com. I hope to see you in our exclusive member’s only live trading room!
To Your Trading Success,
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