Good Day Constant Reader...
I hope this day has received you well and in good health.
It is Saturday... once again.
This is the time to reflect on what you learned, albeit via pain or pleasure. Take experience from the enduring of your development... it will serve you well later on.
It feels different at various stages of your learning. Uncertainty will be a resurfacing concern as you discover your unique model... but you can't rush it.
The reason it takes more time to get it, is the individual that you are is very complex. Trading aren't complex, the letting go of unrealistic growth rates early on is the major hurdle.
The more time you give yourself to develop a confidence in yourself, not me, not what I can or can't do... the better chance you stand.
The submitting to at least 18 months of structured learning and practice in a simulated environment is key. This can't be overstated.
Far too often... the ill-prepared Trader incorrectly assumes that trading concepts are flawed and they look past their own deficiencies.
That is why 18 months is what I state is the lowest time horizon when endeavoring to learn my craft. You won't see the many opportunities your personality flaws... yes your flaws... will manifest and derail your development and delay your success.
Everyone is human and prone to do it wrong... even me. However, this somehow gets overlooked by excited new Trader who want to imagine owning the world in a few weeks or months. This is neither practical or realistic.
You need time to experience drawdown, periods of confusion, periods of no trading while markets are in transition states and risk is high. No educators teach like this but me. I do not sugar-coat it and say you will understand this is 3 weeks or months... because you won't.
Like everything in this world, there are varying results and you get what you put into it. How many Tiger Woods are their in golf? Despite the legions of golf enthusiasts that play the game?
Not every golfer will rise to Tiger's greatness but the wise understand they do not need to be like or equal to Tiger to succeed.
Be content with enough and submit to an honest attempt in learning properly.
so many lazy people come and when they didn't fix their personal issues, they quit. This is sad, but they were warned and instructed before and along the way... how to train, study and to expect delayed gratification.
Everyone wants the six pack abs but nobody wants to exercise and remove the junk food to get them. Then the regime is slated as scam, fraud or not as described... and they chase another fad diet program.
Never learning, never improving or even giving themselves the proper chance to develop. This is the revolving door of trading.
The tune has not changed... it is hard to overcome yourself. No matter what snake oil salesmen tell you, there is no short cut or alternative route to getting it.
No indicator, harmonic, retail - none of that removes the requirement to understanding the financial calendar year. How seasonal impacts affect these markets.
How can a one week boot camp or three month program properly prepare you for that? In short... it can't.
Mental baggage is real and most of us bring lots of it to the trading business. Most can't admit their own flaws or shortcomings and they never make it. They spent thousands in different courses and waste a lot of time... cheating themselves.
Let's be honest Folks...
Trading is easy. It is a question of three options.
1) Do I Buy "this" now?
2) Do I Sell "this" now?
3) Do I sit still right now?
Trading profitably requires a model that comfortably defines what and when... for you, not everyone who sees your model, just "You".
this write up belongs to my mentor ICT hopefully you find it useful also.
I hope this day has received you well and in good health.
It is Saturday... once again.
This is the time to reflect on what you learned, albeit via pain or pleasure. Take experience from the enduring of your development... it will serve you well later on.
It feels different at various stages of your learning. Uncertainty will be a resurfacing concern as you discover your unique model... but you can't rush it.
The reason it takes more time to get it, is the individual that you are is very complex. Trading aren't complex, the letting go of unrealistic growth rates early on is the major hurdle.
The more time you give yourself to develop a confidence in yourself, not me, not what I can or can't do... the better chance you stand.
The submitting to at least 18 months of structured learning and practice in a simulated environment is key. This can't be overstated.
Far too often... the ill-prepared Trader incorrectly assumes that trading concepts are flawed and they look past their own deficiencies.
That is why 18 months is what I state is the lowest time horizon when endeavoring to learn my craft. You won't see the many opportunities your personality flaws... yes your flaws... will manifest and derail your development and delay your success.
Everyone is human and prone to do it wrong... even me. However, this somehow gets overlooked by excited new Trader who want to imagine owning the world in a few weeks or months. This is neither practical or realistic.
You need time to experience drawdown, periods of confusion, periods of no trading while markets are in transition states and risk is high. No educators teach like this but me. I do not sugar-coat it and say you will understand this is 3 weeks or months... because you won't.
Like everything in this world, there are varying results and you get what you put into it. How many Tiger Woods are their in golf? Despite the legions of golf enthusiasts that play the game?
Not every golfer will rise to Tiger's greatness but the wise understand they do not need to be like or equal to Tiger to succeed.
Be content with enough and submit to an honest attempt in learning properly.
so many lazy people come and when they didn't fix their personal issues, they quit. This is sad, but they were warned and instructed before and along the way... how to train, study and to expect delayed gratification.
Everyone wants the six pack abs but nobody wants to exercise and remove the junk food to get them. Then the regime is slated as scam, fraud or not as described... and they chase another fad diet program.
Never learning, never improving or even giving themselves the proper chance to develop. This is the revolving door of trading.
The tune has not changed... it is hard to overcome yourself. No matter what snake oil salesmen tell you, there is no short cut or alternative route to getting it.
No indicator, harmonic, retail - none of that removes the requirement to understanding the financial calendar year. How seasonal impacts affect these markets.
How can a one week boot camp or three month program properly prepare you for that? In short... it can't.
Mental baggage is real and most of us bring lots of it to the trading business. Most can't admit their own flaws or shortcomings and they never make it. They spent thousands in different courses and waste a lot of time... cheating themselves.
Let's be honest Folks...
Trading is easy. It is a question of three options.
1) Do I Buy "this" now?
2) Do I Sell "this" now?
3) Do I sit still right now?
Trading profitably requires a model that comfortably defines what and when... for you, not everyone who sees your model, just "You".
this write up belongs to my mentor ICT hopefully you find it useful also.