I play to win, whether during practice or a real game. And I will not let anything get in the way of me and my competitive enthusiasm to win.
— Michael Jordan
A few years ago for the holidays my oldest son got an iMac from his grandparents (yeah, they’re pretty cool…my grandparents loved me too and I barely got a Big Mac for Christmas).
At any rate, he loved it… He discovered the joy of games online and, after a while, didn’t look back.
Given his age and our experience with his uh… “determination” his mother and I initially thought he not only wouldn’t be able to play the games but that he might also get frustrated to the point of hating the computer.
We were right…at first.
He couldn’t play the easiest games to save his life.
Simple movements were beyond his capability and thus so were the games.
He kicked over the stool he used to sit at the bar and play.
We got nervous.
A couple of months after the holidays I stood behind him as he skillfully maneuvered a player through a pretty sophisticated obstacle course.
I watched as he timed jumps to get extra points as well as jumping from one moving object to another. It was hard to believe that just a few weeks previous that very game had given him fits.
The same might be said of trader development for newbies…
Your initial foray into trading (paper or simulated if you’re smart at all) can seem daunting… hopeless even.
But slowly (and often painfully), if you stay with it and exercise some determination your “jumps and timing” begin to get better.
You take smaller losses… and relatively bigger wins.
Your score (did you think trading profits were anything else?) begins to improve.
The darkness begins to lift just a bit.
The difficult thing is you can’t rush it. The desire to “win” immediately exists in us all… especially when we have succeeded in every other field of endeavor. Trader development doesn’t accept your arbitrary time constraints.
However maddening it is, any attempt to rush the development of the “trader mindset” is likely to lead to setbacks, frustration and, often as not, to you abandoning your journey to consistent profitability altogether.
When the urge to quit taps you on the shoulder, be sure to think of my oldest son and other children just like him…enjoy the process of learning…of becoming a trader… of your own trader development.
Ignore the passage of time. Before you know it, you’ll be viewing the markets through the lense of understanding, proficiency and, most important, profitability.