The three Levels of Trading Blindness

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The three Levels of Trading Blindness

 

A typical phenomenon I name “system trading blindness” is, without doubt, one of the largest obstacles in the direction of long-term trading success and is without doubt one of the key the reason why so many system traders fail.

It often seems on three levels and the final one is the toughest to beat.

Let me clarify this phenomenon and the three levels with a short story from my very own life.

Since childhood, I have been carrying glasses and fairly robust ones too (+5 dioptres). Meaning I could not survive without them.

A yr in the past I spotted that I didn’t like carrying them anymore, so I learn a number of books about self-healing imaginative and prescient and began working towards everyday meditations (primarily targeted on visualizing clear sight) and everyday eye workouts.

In about 6 weeks I went from 5 dioptres all the way down to about 2 dioptres.

I name this expertise “stage one”:

Important to end in a really short time.

In trading, that is what all of us need proper? Many people are fortunate sufficient to have a great beginning to trading and make some good money in a short period of time.

However, that is extraordinarily harmful …

As a result of it usually makes us proud, and ignorant too.

Like with my glasses:

After the fast outcomes, I began pondering I would figure all of it out, that I used to be a genius with extra-human capabilities (many starting traders really feel this fashion after their first few wins too).

However, then, “stage two” comes:

Actuality.

With all of the pleasure and ignorance of reaching quick outcomes, you cease working onerous and also you cease evolving. And the outcomes begin altering course too.

That is precisely what occurred with my imaginative and prescient: I finished my workouts, or not less than considerably lowered my effort, and never surprisingly, my imaginative and prescient began getting worse once more.

However, my pleasure and ignorance remained: As an alternative of accelerating my effort and dealing on the workouts to push my enchancment to the brand new stage, I turned lazy and began searching for “fast fixes”, like quicker workouts and meditations.

I began searching for the “Holy Grail” whereas refusing to place in any new effort to get outcomes.

No marvel my struggles continued for your entire yr …

… and the identical can happen with traders going by means of stage two.

This stage is extraordinarily irritating, painful, long and uncomfortable. Merely mentioned, it actually sucks.

Often, throughout this stage, traders have two options:

1. Hand over and begin blaming every part and everybody (like many traders do), saying that it isn’t doable to make constant money in trading, or

2. They’ll simply overcome their pleasure, cease searching for “fast fixes” that require no effort and get again to onerous work – which is “stage three”.

However, …

… most traders by no means get to stage three.

They do not need to settle for that to turn out to be a long time period constant winner within the markets requires onerous work, quite a lot of pondering and quite a lot of effort.

It is simpler to maintain searching for the magic “get wealthy fast” trading system after which blame others when it does not ship the outcomes as marketed.

Nonetheless, a small proportion of traders shall be clever sufficient to understand that they do not need to keep “trading-blind” without end.

They need to see – Clear and secure outcomes, how markets actually perform, and the strategies that may actually make constant money within the markets.

Which suggests doing all of your homework.

Precisely like I needed to do with my eyes to enhance my imaginative and prescient. Return to the start and begin working onerous on my imaginative and prescient once more, which lastly begins exhibiting some actual progress after I misplaced a whole yr trying to find the Holy Grail ‘fast repair’.

So if you happen to’re nonetheless not getting the trading outcomes you need, hold at it. Put in all of the onerous work and targeted effort which you can, and with persistence, you may begin seeing higher outcomes very quickly!

Pleased trading!

 

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