Friday 10 July 2009

Let's use the concept of a paradigm shift

Trading is not simply about learning a few rules and then applying them. Very few people go into trading with the right idea of what it is they are going to be doing, of what trading is all about. If you've got to the point where you understand that being part of the small group of winning traders is not a one-two-tree job, you may still be under the mistaken belief that all you need to do is find out what they do and copy it. You will immediately find yourself back with the losers. In order to be part of the elite you need to not only do what they do but learn to think as they think. That is hard. It's requires change, often painful change. That's why so few people manage it.

Let's use the concept of a paradigm shift. You must do something drastically different to leave the loser's paradigm and enter the winner's paradigm, if you are not there yet. A blind man can't lead another blind man. A traders in the loser's paradigm can't help those around him. Therefore I suggest you to stay out of chatrooms and other virtual gathering places where the losers keep each other company and turn losing into a social event.

That's why I made this blog and join the masters. Not because I'm a master, I'm totally new here [swear!], it's just because I'm trying to think as the master's think. Is it works? Well, let's see... Three months ago I thought that 50 pips a day is a very hard target, almost impossible. Now I really think that 1,000 pips a day is something possible!

Just like master Shifu said to Po: focus, focus, focus...

So, the choice is yours: join the winners or the losers?
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