What practice should a stock market trader do to avoid doing the same mistakes again and again?
TRADINGFEATURED
Does a sprinter rock up to the Olympics without huge background preparation?
A simple piece of trading advice today.
Some people like to try and shit on backtesting and act like it’s pointless but to me, that’s a huge red flag.
Trading is a high-performance game.
You need to have the skill inside out.
And who has ever gotten good at a skill without practice?
Does a footballer just turn up and play on the weekend?
Does a boxer just turn up and win a fight?
Does a sprinter rock up to the Olympics without huge background preparation?
It should be obvious by now that if you want to make money trading, you need a profitable strategy (a pattern that repeats and gives you an edge).
And you also need the ability to trade it consistently over and over.
Do the behind the scenes work and you are endlessly more likely to get crazy results in the real world.
Hope this was helpful!
Credit: Quora