- SMRT Algo
- Posts
- How the red car test applies to trading.
How the red car test applies to trading.
You might have heard about the red car test from recent podcasts.
It's a simple yet powerful insight into spotting opportunities.
I'll show you how it applies to trading and why your mindset matters.
How many red cars did you see on the road today?
Most people can't recall the exact number,
But they know there had to be at least one.
Imagibe you got $100 for every red car you noticed,
Suddenly, you'd be on high alert,
Counting each one you saw.
The analogy here is clear: those red cars are opportunities.
You know you missed some,
But by paying attention, you'd start spotting them easily.
When it comes to trading.
Most people lack the confidence spotting them.
The key is consistency.
The more consistent you are the sooner that life changing opportunity will be clear to you.
40% of traders quit in their first month and only 13% trade after 3 years.
Consistency alone puts you ahead by 87%.
It's just one more push to breach the 90% mark.
As I said in my reel.
Don't lose hope
Keep consistent and you'll spot your opportunity from a mile away.
Reply