Friday, November 18, 2022

My trading evolution

I learned the basics of trend following from extensively study about the most successful traders and trend followers.

Since then, I've even been fortunate enough to interact with one or two.

But I haven't automatically taken everything they've said as gospel.

I've spent a lot of time thinking about what has been said.

As a result, I've taken their ideas, played around with them, and either adapted and implemented them, or discarded them.

I've also learned from my own mistakes and experiences (good or bad!)

Over time, I've also learnt to concentrate my time and energy on what I need to know. There's no point in wasting time and effort learning about stuff that is superfluous to what I need.

As an example, the way I see it, why would I, as a trend follower, want or need to understand economic theory or fundamental analysis?

As a result of all this, while my basic beliefs are hard wired, my own method and rules have evolved over time.

I have also learnt to think in a rational and objective manner. I try to keep subjectivity out of it.

Therefore, while its roots and the concepts have come from others, I've arrived at a method which suits my personality and beliefs, aligned with my own mindset. 

I've ended up OWNING my own method.

It's a long and never-ending journey, but is my belief that this type of evolution would benefit all traders.

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