“Imagine going to a doctor who has only trained for a year and watched youtube videos.”
How much trust would you put in this doctor?
Would you classify him as an expert?
What results would you expect?
This comment was posted in the BTA community last week by Protege member Gavin, and he made a great point.
Trading is difficult. We’re competing against some of the brightest minds with the biggest budgets, not to mention our own human biases and behaviors, yet some traders expect quick results with minimal effort.
It IS possible to accelerate progress with positive actions, however, we still need to be careful of crushing expectations.
Gavin knows this first-hand:
“i went live with three emini index symbols, and lost my pants. I knew then why i lost so badly, and it was simply that i was in a rush to make money.”
Rushing to fast profits can be very dangerous.
False expectations destroy traders.
The good news is Gavin realized the problem and took steps to fix it.
He started thinking like a real trader. He recognized that it’s not the speed of progress that matters (we all have our ideal speed of learning and growth), it’s the depth and quality of the progress that counts.
And Gavin turned his trading around.
Want to know his secret sauce? Here it is:
Don’t overthink every move. Put in the time. Stop trying to reinvent the wheel.
Pretty simple, right? But simple doesn’t mean easy.
Don’t be discouraged if you haven’t got results as fast as you want. Be patient. Be persistent. Follow the process.
Don’t let false expectations destroy your trading.
Tomas
