Everybody wants to trade. Okay, that might not be true but a lot of people who watch the market want to trade. Some of us have even had a lot of success in the past when we worked really hard. But as time went on, some of us quit working really hard. And, we took some losses.
Now, I subscribe to a lot of trading newsletters and also read trading forums. I read too many articles on why traders fail. Let’s change the discussion to focus on what you should be doing to succeed instead. The honest truth is that failure like death can come in a thousand ways. There are lessons. But, those lessons are more relevant for traders who are already experiencing success. My point is any trader may experience some difficulty but the traders who go on to have continued success are more likely to focus on what can make them successful. Let’s change the discussion to focus on what you need to be doing to succeed.
And, the answer is the hard work and not resting on your laurels. I had an amazing track record of predicting the market when I started. That’s great. But, I also worked really hard at my craft.
The following are some of the things you need to be doing today:
The author is passionate about markets. He has developed top ranked futures strategies. His core focus is (1) applying machine learning and developing systematic strategies, and (2) solving the toughest problems of discretionary trading by applying quantitative tools, machine learning, and performance discipline. You can contact the author at email@example.com.
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