This is what turned my trading around! Once upon a time, a not so very long time ago, I was an aspiring trader. Through time, persistence, education, and this strategy, I turned into a very successful long-term trader. Click here or in the video below to learn what did it in episode 39 of the Trading Performance Podcast!
When I started trading I had the belief, like most of us do, that all I had to do was find the right indicator or the right trade or the right trading service and I thought that that would solve all of my trouble. As a result of that thought pattern, I tried many, many different types of trading.
Through that process I did have periods of success. But every single time the market eventually changed and whatever trade or alert service I was following would go through periods of failure.
Now after years of experience, I understand the extent of variables that the market can throw at you. When I was a beginner trader, I didn’t have this insight and it was shocking.
How could this trading strategy or alert service that did so well in the past or in backtesting, how could it fail? But it did.
One thing after another that I tried, failed. Repeatedly.
Eventually I realized that for the most part, the trading worked out well because it was fitted for the past. And I learned that the future will very likely be different from the past. Which will very likely lead you to different results.
Therefore, you can’t simply rely on a trade or an indicator if your objective is consistent profits. Because in order to get consistent profits, when things change, you need to be able to change and adapt as well.
If you don’t learn to change and adapt, you end up getting stuck in a never ending loop of trying the next trading strategy or the next trading service again and again.
Listen now and discover the secret to what turned my trading around!