…and find your own way.
From The Kirk Report, on trading:
I think Dr. Brett’s post on personality and trading success confirm what I’ve found as well – i.e. that “trading is probably far more related to talents, skills, and effort than personality features.” I agree with this as I’ve worked with and know all sorts of different types of people who trade successfully.
There is no “one suit” that fits all.
However, I will say this. One thing that I tend to see most often is what I call stubborn determination. What I mean by that is that after a series of significant setbacks, mistakes, frustration and disappointment, the most successful traders always find a way to dust themselves off quickly and return even more motivated and focused about their trading than before. I see that not only in myself but in many of those who trade well. Trading is one of the most challenging endeavors out there and the market will test everything you’ve got and then some.
As Dr. Brett also mentioned in that very same post there are “certain traits tend to help people make best use of their talents and skills.” This is why it is so important for traders to use strategies that also are a good fit for their personality.
There are so many profitable ways to trade, but in all likelihood only a few that match and harness your own unique skills and who you really are. That’s why it is so difficult for most who desire success to play copycat with other traders although everyone at some point gives it their best shot. However, unless you are one of the first to discover your very own “trading twin” as I often like to say, you are going to experience tremendous difficulty and frustration implementing another trader’s strategy as your own.
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