A Trade2Win member going by the moniker of bluetipex made posted the following recently in response to an earlier poster commenting on fear and executing trades.
Well I have absolutely no fear of pulling the trigger, and I sit and watch squiggly lines all day for a living!!! I see the same boring patterns every day, it really isn’t that hard to gain confidence when you see them so often.
This commentary speaks volumes! Hopefully a lot of new traders are reading this.
What bluetipex said is exactly the point of it all. Trading, at its core, is about pattern recognition. Doesn’t matter what method, system, style, technique or what have you that you use. It all boils down to pattern recognition. You are looking to learn the patterns which will result in profitable trading.Â
Here’s the catch, though. The only way anyone really gets competent is by practicing over and over and over and over…..
Unfortunately, most new traders never spend enough time practicing. They bounce all over the place. I know I certainly did.
If you like this post or find it informative, I encourage you to sign-up for the newsletter.
Also subscribe to the blog feed and/or follow via Facebook or Twitter.
About the Author
John Forman, author of this blog, has traded for more than 20 years, is a professional market analyst, and authored The Essentials of Trading. He is an active participant in trading forums, consults for trading related businesses, as published literally dozens of trading articles, and has been quoted in a number of books and in the media.
** See John’s full bio.
Similar Posts:
- Backtesting isn’t just about evaluating a trading system
More practice means faster trader development
Trading system equity performance
