First, a quote:
“It is amateurs who have one big bright beautiful idea that they can never abandon. Professionals know that they have to produce theory after theory before they are likely to hit the jackpot.”
Francis Crick – the molecular biologist that helped discover the structure of DNA
When I first started trading, I thought great traders were just born with a magical innate ability to come up with profitable trading ideas.
You can’t learn it – you’re just born with it. I thought.
I realize now that the entire industry is set up to take advantage of people who believe that.
If you just learn to trade the strategy that “trading guru X” trades – by joining their trading room and relying on them forever – then one day YOU might be able to drive a Ferrari just like they do.
If you’re reading this, you should already know how this is such BS.
I love it when I see people come to this realization because this is the point where they can finally carve out their own path to trading success.
It doesn’t come from asking for stock tips at your neighborhood barbecue.
It doesn’t come from blindly following what some guru is trading.
It doesn’t come from someone giving you a trading strategy.
It comes from taking full responsibility for your trading.
To do that you don’t need the perfect trading idea.
You just need a decent idea and a process to improve it.
Trading strategies come and go, but your trading process will pay off forever.
Work on perfecting your process.
That’s how you screw the Ferrari-driving trading gurus.
