My trading goal for 2020 and your goal, should you want to succeed, should be to fail at trading. Before, you dismiss the notion– please consider the argument. You see I recently shared that few traders actually fail because they do not pursue a trading method with sufficient rigor, discipline, and energy to know that it cannot work. Instead most traders expend their psychological and capital resources and quit without much to show for it.
However, successful traders do fail at trading, Rather, they fail strategies and methods that don’t work. And, they learn and replace those methods with better processes and strategies. The best traders have developed methods for failing while losing the least capital possible, learning from losses, and maximizing their energies.
So, my goal for 2020 is to fail better then I have ever failed before. I want to fail the bad strategies, the processes that don’t maximize my strengths, poor discipline, things that rob my energy, and I want to maximize my strongest strengths, skills, and strategies.
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.
Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.