Ok the end of my holidays and I have done a lot of sleeping and visualizing I just love to lie down and close my eyes and get to the point of relaxation where I drift of and in my mind’s eye dream (without being asleep) I think about my thoughts and goals and more importantly the charts!
I just read Robert Sweetman (http://robertsweetman.com) latest blog post where he says you can’t just copy someone else approach or methods and I have to disagree on one point and agree on another. No you can’t just copy someone else trades and that is my we don’t given many public trade calls. We do to members but they know why and importantly it’s for their trading education not just to make a quick few quid.
We call what we are looking for and when we are in, but if you read about the trading turtles you will understand that if you give a dozen people exact 100% rules and even free money they still will not all to be able to follow it.
But what I think Robert has worked out (and its cost him a lot of money I guess) although I have told him before for free. Trading all comes down to the Super Trader Traits (STT as in our twitter) these are a list of points that you need to master forget setups, RSI etc. If you can’t follow these rules you will NEVER MAKE IT AS A TRADER.
The setups and when to get in is the easy bit. I do agree with Roberts points I quote him here.
- The average timespan seems to be 3-6yrs to get really good
- If you dig a little deeper it’s mostly nearer 6yrs
- Those that seem to be consistent threw out the rulebook and developed their own trading methodology from scratch based on personal observations
- The majority of these individuals use ‘price action’ rather than charts with loads of indicators and wavy lines
- Some only trade one or a very few number of markets with very simple setups/rules
- Most of these rules are entirely dependent on experience which reinforces their discretionary approach
However again I think re point 1 that is because they don’t start off with the STT in printed into their skull! You need to live and bleed them and then start to trade. I lost for 3 years before I came across the STT and then combined that with Positive Mental Attitude (PMA) and then the trading part is easy.
I had one new member that have never traded before and as I will do for all newbies. That I made not to trade for the first month, but do all our training, watch all our videos and books. Master the STT and understand how that fits in to this business and then start to trade and follow our spreadsheet. He I don’t think has had a loosing week since. The STT really do work!
I am living proof and this whole website and what we do for members has become a result of the STT and PMA and then honestly the setups are the easy bit combined with simple money management. More importantly than that we have members that have never traded before, traded and lost, and even pros that we have helped and all that really grasp the STT have seen improvements in there trading.
I hope the members agree I have been on fire with calls over the last 2 weeks even while on holiday. Is that because I being clever? Nope it’s because I have had the extra free time to think and help and as in life the more you put into something the more you get back!