hey everybody!
this is my first thread in awhile.
i just wanted to address a question i hear asked alot.
“how do you define a successful trader?”
now there are probably a million ways to answer this but in this thread i want to discuss what i call the final step - trading unconciously.
now in almost any profession when you reach a sufficient skill level your actions become repetitive with little thought given to the task in hand, when this happens you will often find there is little change in the input or output and it becomes a very consistant process.
this is what you are looking to achieve in trading!
consistancy and repetitiveness through tedious and sometimes boring actions.
now thats not to say you cant love your job but the eureka moment in trading full time is when it becomes just that - a job!
now when your first starting out there is a lot of excitement, experimenting and impulsiveness!
this is a recipe for bad trading!
then you take another step where by you begin to trade your first live account with a lot of ambition, hopes, dreams and above all greed, before you know it your wiping out your capital!
this is another recipe for bad trading!
then you move to the next step where by you attempt to sztart building your capital with caution and fear in the back of your head, you begin doubting your entries and closing or opening positions too early or late purely out of fear!
this is another recipe for bad trading!
you then take a step backwards, this is a step most traders dont reach. you begin to analyse what has happened, what went wrong and the reasons why, you realise your worst enemy in trading is in fact yourself, your emotions and your lack of discipline!
this is a recipe for successful trading!
you then begin to put emotions aside and focus on the logistics and practicalities of trading, you realise that trading is far simpler than you ever imagined, you begin to see things more clearly, see them for what they are and not what they appear to be!
this is yet another recipe for successful trading!
this is when your reach the final stage!
trading unconciously!
you barely have to think about what your doing or why!
you’ve done it a million times before!
you know what your looking for!
you know what the possabilities and probabilities are!
you know what your going to do whichever way price moves!
you let each and every trade just become a statistic in your P/L statements!
win or lose you know it was necessary, no regrets, no looking back just forward!
your one step ahead of the game!
and this my friends is when i believe you become a successful trader!
lee 