The Final Stage of a Successful Trader - Trading Unconsciously
Legacy signals
Legacy popularity: 1,285 legacy views
"How do you define a successful trader?"
Now there are probably a million ways to answer this but in this article I want to discuss what I call the final step - trading unconsciously.
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 consistent process.
This is what you are looking to achieve in trading!
Consistency and repetitiveness through tedious and sometimes boring actions.
Now that's not to say you can't 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 start 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 don't reach. you begin to analyze what has happened, what went wrong and the reasons why, you realize 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 realize 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 unconsciously!
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 possibilities 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 above all, your consistent!
This my friends is when I believe you become a successful trader!
Happy trading, Lee J Brown
Further reading
Further Reading
Article
Nvidia Strategy
Nvidia StrategyrnNvidia Strategy and Nvidia Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California.rnIt is a software and fabless company that designs graphics processing units, application programming interfaces for data science and high-performance computing as well as system on chip units for the mobile computing and automotive market.rnStock Strategy rnNvidia is a dominant supplier of artificial intelligen
June 9, 2024
Article
Understanding the Investment Risk Ladder
Understanding the Investment Risk LadderrnHere are the major asset classes, in ascending order of risk, on the investment risk ladder. CashrnA cash bank deposit is the simplest, most easily understandable investment assetâand the safest. It not only gives investors precise knowledge of the interest that theyâll earn but also guarantees that theyâll get their capital back. On the downside, the interest earned from cash socked away in a savings account seldom beats inflat
October 24, 2023
Article
How Should We Celebrate the Anniversary
How Should We Celebrate the Anniversary of the Birth of Prophet Muhammad (PBUH)? For Muslims, Prophet Muhammad (PBUH) is the best creature ever. He is the last messenger and prophet sent by the Almighty Allah to guide people from the darkness of ignorance to light of Divine guidance. At any human scale, he (PBUH) is a man of extraordinary achievements. This is a fact admitted not only by Muslims, but by non-Muslim thinkers and philosophers also. Having put Prophet Muhammad (P
August 25, 2023
Article
This is Jesus, Son of Mary, the Word of Truth
This is Jesus, Son of Mary, the Word of Truth rn Festivals and celebrations are considered one of the distinctive characteristics and key features of societies around the world as they constitute a major part of cultural fabric for people. This means that there is hardly any human society without festivals, whether they are related to religious occasions or non-religious ones. While there are some Islamic festivals like, Eid al-Fiá¹r and Eid al-Adha, there are also various c
August 14, 2023