Creating a Trader DNA

I have been reviewing the comments on this blog since the beginning so I can reinforce any relevant aspects of Kiki's training. I have found it interesting that the focus of peoples' questions seems to be on the indicators and settings rather than any other aspect.

To me, it is as if a student arrives at medical school and immediately asks: "where do I cut?"

There is so much more to trading than setups. The setups are important, sure, but unless all the other aspects are learned first, the setups are useless and will not make you money. We, and I include myself in the "we",underestimate what is involved in trading because it all looks so easy. We look at a chart with the "magic" indicators and can say, yes, I would have bought here and sold there. Easy! All I need is these indicators and I can quit my job. Those of you who are just beginning, and are hoping for transition into a successful trader, hear of the 90% failure rate but cannot conceive that you, an intelligent and successful person, could fail at something that looks so easy.

Others, who have been struggling, sometimes for years, also smart and previously successful, are painfully frustrated at not being able to understand why "it doesn't work for me".

I'm not a believer in New Year's resolutions, but those of you who are reading this blog to glean something that will assist you in your quest, please take this one thing from the blog: It's not just the information you get, but how you learn it. It's as if you have to implant it into your DNA so its part of you. After teaching a number of people to trade over the years and now with teaching Kiki, I am convinced that Kiki was successful because of how we went about it. I am not trying to blow my own horn here but I really want to emphasize that the "how" is as important as the "what".  It seems that the structured progression we worked on together did its job, together with the huge focus and dedication that Kiki imposed upon herself. The actual trading methodology using range bars were part of the story, but it is the cohesive "whole" that did it. I am convinced of that. I'll talk about all this and more at the webinar

And speaking of New Year Resolutions, please remember The Macmillan Cancer Nurses and Kiva.