The "Secret" Path To Simple Trading Success

“You don’t learn to walk by following rules.  You learn by doing and by falling over.”
Richard Branson


A common question you guys ask is “How long will it take to become a successful (profitable) trader.”

It’s a question I can’t answer… nor can anyone else for that matter mind you. It depends far too much on your circumstances and, more important, your willingness to put in a bit of work.  That word "work"  alone usually ends the conversation.

The second most common question (and sometimes most common) is some version of “Is there a way to trade without losses?”

That one I can answer… and do… The answer is yes, you can… but not in any kind of sustained way.

Generally, by the time I’ve answered these two questions the person making the inquiry has moved on to someone willing to offer them that elusive “magic” formula.  A quixotic quest at best I might add.

At any rate, there is only one sure way to progress along the path toward consistently profitable trading… barring omnipotence of course. 

That way is… Failure.  

Or more accurately, honest attempt... followed by failure... followed by an examination of the reason for that failure... followed by process correction... followed by additional attempts.

That's a wordy explanation for sure so I’ll simplify. 

Jump right in (if not via simulation, just be sure to keep your risk (trade size) tiny…there will be plenty of time to take the “big” risk later... if you still think that's a good idea at that point). When you lose… and you will lose, determine if the loss was within the  normal course of your new found “process” or if you made a mistake.

Normal course of business loss? Move on to the next trade.

You made a mistake? Figure out the mistake, correct your process if necessary, THEN move on to the next trade. 

Doing this consistently will result in constant improvement of your process and move you ever closer to consistently profitable trading.

As a bit of inspiration during the losing periods I offer the following from FundersandFounders.com…


My Most Popular Posts

TAOST Topics

How To Trade Emotional Capital simple trading Simple Day Trading futures trading swing trading Emini Trading How It Works stalk candidate Bitcoin trade idea Daily Simple Trading Habit TAOST market update support and resistance trading intraday Process how to trade Bitcoin price action simple trading tools what to buy what to trade Best Retirement Investments Chart Patterns Focus New Trader Sins Swing Trade TAOST Trading principles day trading lifestyle how to day trade keep it simple risk risk management trends Are you too old Confidence FAQ FASTQ How To Invest Income streams It takes as long as it takes MAR Retirement Crisis Retirement Investment Retirement Trading TAOST Power Zones TAOST Price Clusters Trade Pattern day in the life of a day trader learn to trade performance improvement sell signal side hustle the power of simple trading psychology trading rules trend persistence ultimate side hustle Buy Signal Charts To Watch Coil Distraction How To Trade EUR How to trade SPCE Mistakes Oh S#!t Gap Oil Optimization Process Ownership Portfolio Trade Private Equity Professional Gap Retirement 911 Risk Arbitrage S&P 500 Sacrifice Shooting Star TAOST Price Structure Trading & Poker Trading Components Trading Myths Value Why You're Only 1 Setup Away chaos theory compounding context diversification downtrend extra money financial freedom how much money how to information is the stock market random kis linear regression channel lock limit down meditate money money management negative compounding optimize thinking pandemic position size quantum leap improvement random random market update risk management plan sector selloff simple day trading risk management simple day trading strategy that works stock broker trading secrets training trend analysis