Maciej
@kartash
38 Steps to Becoming a Trader 1. We accumulate information: buy books, attend seminars, research, and study. 2. We start trading with our "new" knowledge. 3. Constantly paying dues to the market, we begin to realize that perhaps we need more knowledge.
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Maciej
@kartash
4. We accumulate even more information. 5. Switch to other trading instruments. 6. Return to the market and trade with "updated" knowledge. 7. The market beats us up again, and we begin to lose confidence. Fear creeps into our soul. 8. We start listening to the news and the opinions of other traders.
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Maciej
@kartash
9. ...Only to return to the market and pay dues again. 10. We switch to another instrument again. 11. Seek more information. 12. Return to the market and start making a bit of profit. 13. With profits comes overconfidence, and the market quickly reminds us who is in charge.
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Maciej
@kartash
14. It dawns on us that to trade successfully, we will have to spend much more time and effort than expected. At this stage, most quit trading because they realize that TRADING IS WORK. 15. We take it seriously and start focusing on studying a "real" methodology.
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Maciej
@kartash
16. Trading with this methodology has mixed success, and we feel that something is missing. 17. We realize that we need rules. 18. We take a break from trading until we create our own set of rules. 19. Resume trading, now with rules, again with mixed success, because we keep breaking the rules.
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Maciej
@kartash
20. Add, subtract, and modify our rules, trying to take them more seriously. 21. We feel that the era of successful trading is near. 22. Realize that only we are responsible for trading results, and that success depends not so much on the methodology as on us.
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Maciej
@kartash
23. We continue to trade and refine both our methodology and how we follow the rules. 24. Nevertheless, results are still inconsistent because rules are occasionally broken. 25. But we feel that success is just around the corner :) 26. We review the rules.
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Maciej
@kartash
27. Gain confidence in the methodology and rules, and return to trading. 28. Results become much better, but we still occasionally doubt our actions. 29. Comparing trades "with rules" and "without," it becomes clear that success lies in the rules.
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