When beginning traders are getting started, they’re typically starving for good ideas for strategies.
That’s the bottleneck at first.
Once you have some success, the ideas start to come.
It often sneaks up on traders and they’re caught flat-footed without an organized way of capturing and processing the ideas that start flowing.
It’s always interesting to me that new traders are terrified of not having ideas, but experienced traders literally have the opposite problem: too many ideas!
That’s the real bottleneck for the experienced trader.
It might seem like an avalanche of trading ideas is a lifetime away.
Or that you weren’t born with the “trading idea” gene.
But that’s simply not true.
Professional baseball players didn’t emerge from the womb able to hit a 100mph fastball.
But they did create a process for themselves to improve.
To get a little bit better every day.
Great traders put themselves every day in a position to notice the important patterns.
Patterns that could turn into a trading strategy.
I’ll be focusing on this topic in the coming days.
Stay tuned!
-Dave
