Wow! 2017 has been one hell of a year. My results for trading vary a lot from year to year. Some years I’m profitable, some years I’m not. This year has been phenomenal for me, especially on the day trading side.
As I sit back and reflect on my journey as a trader –where I was and where I am today– I can clearly point out the things I didn’t get right at first.
For instance, one of the fundamental lessons I’ve learned and come to accept is that control in the markets is an illusion.
If you’re a trader or an aspiring one, you certainly have an interest in success, and if so, Napoleon Hill will need no introduction.
It’s always a good idea to trade a system that has been tried and tested – one that you understand thoroughly. And you usually develop that understanding through logical assessments and backtesting.
Now that aside, periods of losses in trading will happen no matter what you trade or how you trade. And those periods are not easy to go through as the mind loves to overthink things.
I’ve failed monumentally as a trader for years, but now I am finally trading successfully. So people often ask me:
- How did you manage to turn your results around?
- What’s the one best piece of advice you can give me about trading?
I will make this post short but, hopefully, it’s insightful.
Picture a guy walking a tightrope over the Grand Canyons.
Did you ever stop and notice what goes on in your mind when trading – the kind of thoughts and feelings that arise?