eminifuturesblog
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I've been full-time trader since October 2007 and despite 2008 being very good to me, I'm far from the trader I want to be.
In 2009 I invested some of my 2008 profits in a week long seminar in Chicago and I've recently completed a 3 month online mentorship. While the seminar helped to a certain extent and the mentorship has started to instill some very good habits. I've realised the harsh reality is that you can spend whatever you want on your trading education (and I suggest that you do invest some money in a mentor), I like anyone else, already am capable of producing consistent profits. Where I/you need help is doing this for more than a few trades, days, weeks or months.
Trading is a long-term business, it's not a sprint, not even a marathon, it's requires consistent effort of the same fundamentals skills over and over. The trading mentor who worked with me is a very skilled martial arts expert. He makes the analogy that in mauy thai the difference between the beginner and the most skilled black belt is not the amount of moves he knows or the complexity of them, it is the length of time he's been repeating the same basic, fundamental skills a fighter learns on day one. Trading is no different he says, that to succeed in trading you need to repeat and repeat the same simple process we all have in us to follow.
Traders aren't born traders and to say that they can be taught isn't accurate either, consistently profitable traders approach the markets with a mindset that is unique to only trading bar perhaps professional poker playing. We can all adopt this mindset in a blink of an eye but that's how long it lasts, staying in that mindset takes consistent, regular practice and it's the challenge we all face.
Tim
www.eminifuturesblog.com
In 2009 I invested some of my 2008 profits in a week long seminar in Chicago and I've recently completed a 3 month online mentorship. While the seminar helped to a certain extent and the mentorship has started to instill some very good habits. I've realised the harsh reality is that you can spend whatever you want on your trading education (and I suggest that you do invest some money in a mentor), I like anyone else, already am capable of producing consistent profits. Where I/you need help is doing this for more than a few trades, days, weeks or months.
Trading is a long-term business, it's not a sprint, not even a marathon, it's requires consistent effort of the same fundamentals skills over and over. The trading mentor who worked with me is a very skilled martial arts expert. He makes the analogy that in mauy thai the difference between the beginner and the most skilled black belt is not the amount of moves he knows or the complexity of them, it is the length of time he's been repeating the same basic, fundamental skills a fighter learns on day one. Trading is no different he says, that to succeed in trading you need to repeat and repeat the same simple process we all have in us to follow.
Traders aren't born traders and to say that they can be taught isn't accurate either, consistently profitable traders approach the markets with a mindset that is unique to only trading bar perhaps professional poker playing. We can all adopt this mindset in a blink of an eye but that's how long it lasts, staying in that mindset takes consistent, regular practice and it's the challenge we all face.
Tim
www.eminifuturesblog.com
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