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.
1 reply
0 recast
1 reaction
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.
1 reply
0 recast
0 reaction
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.
1 reply
0 recast
0 reaction
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.
1 reply
0 recast
0 reaction
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.
1 reply
0 recast
0 reaction