• New and developing traders overvalue finding a strategy to copy. It’s not about copying. It’s about exposure to different setups and then experimentation with different setups and then determining the setups that work best for you.
  • The new and developing trader needs exposure to many different setups. Setups that are diverse and require different personality sets to excel. Setups used by active traders who are winning with consistency. Setups that offer different talent sets to thrive.
  • And then the new and developing trader needs to experiment. They need to fail. They need to win. They need to fail some more. They need to archive their winning and make note of their failing. It’s a process. It’s a process of failing and winning and failing some more and recording successes over time that helps the trader then build his business.
  • Soon through exposure to various setups the new and developing trader will find setups that are best for them. Soon the better new and developing traders will get sick of losing with patterns that are not best for them and in their own time eliminate them.

* Source: http://www.smbtraining.com/blog/fail-win-and-then-fail-some-more-to-become-a-winning-trader

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s