What Trading Success Really Looks Like
Since 2010 I have been trading the exact same way every day. Nothing has changed other than trying find ways to make my style of trading better, easier, and more efficient. I will never get rich with my style of trading. Nor will I ever lose a lot either. I have a simple strategy, win a bit more than you lose. In trading, just like most things in life, slow, steady, and consistent wins the race. Is it exciting and fun? Well, at one time it was. But, that was when I was a struggling trader and couldn’t trade my way out of a paper bag to save my life. Since then, not so much. It’s about as fun and exciting as sitting at a bus stop waiting for your bus to arrive, and I’m totally ok with that now.
With all of the information out there, we begin to believe a trading system must be complicated in order to be any good. And we all seem to find an infinite number of ways of making it complicated. This is typically in an effort to filter out losing trades. Finding winning trades seems so easy and it doesn’t really take much to identify them. But the losers, they’re much more elusive and require lots and lots of stuff to identify, right? “If I could just find a way to filter out my losers….” Is often the beginning of a trading system that paints the trader into a corner.
Let’s celebrate simple. Let’s embrace boring. Become the best in the world at one very simple thing and do it over and over again. THAT’s what trading success is all about.