Over half of what a good trader does is repetition, much like professional athletes. As Reggie Jackson says, "A baseball swing is a finely tuned instrument. It is repetition, and more repetition, and a little more after that". He could easily have been talking about trading instead.
Developing trading skills, as I have often repeated, is all about repetition. A trader needs to hone his skills with repetition in SIM. A trader needs to test and develop his trading plan through repetition in SIM. A trader needs to perfect his entry and exit skills with repetition in SIM.
I had a comment to yesterday's post that said: "Your blog has become a broken record."
Developing trading skills, as I have often repeated, is all about repetition. A trader needs to hone his skills with repetition in SIM. A trader needs to test and develop his trading plan through repetition in SIM. A trader needs to perfect his entry and exit skills with repetition in SIM.
I had a comment to yesterday's post that said: "Your blog has become a broken record."
Mate, you're missing the point.
This is my 351st blog post since October 2009. I blog almost every trading day. Yes, there is repetition. It's repetition because I say it and show it in different ways. Some people don't get a concept the first time or they don't get it the way I first showed it. Learning can be tedious unless you really love to trade. I learn every day. When I'm not trading I'm either researching or teaching.
On top of it all, there is not a lot of "new" in learning to trade. Trading is simple, but not easy. To achieve that "aha" moment can take months, but usually years. Mentoring and seeing ideas such as those in this blog helps shorten the learning curve. I know, because readers and students have told me so.
Additionally, a lot of time and effort has gone into writing blog posts that I think readers would enjoy or benefit from. And that is my criteria- Would I want to read that post?
Additionally, a lot of time and effort has gone into writing blog posts that I think readers would enjoy or benefit from. And that is my criteria- Would I want to read that post?
On that note, I will be blogging on some additional topics in 2011, including exploring ways to make money using longer term trading techniques. I'm also bringing back the video trading recaps.
Today's trades show the benefits of identifying the beginning of a trend. This was the topic with one of the guys I am mentoring today during our 1 to one.
EL,
ReplyDeleteHonestly, I would be nervous if your blog WASN'T a broken record. I would think that it shows newbies that you have consistency in your trading plan. I kept a private blog regarding my own day trading progress, and the better I got with my execution, the less I wrote in the blog because my plan has stayed the same for almost 4 months.
I think that there are a lot of people out there that enjoy the search for the newest strategy / holy grail more than the act of actually trading.
If you go through all posts of the entire blog and do it more than once, and start applying what EL suggests, then you'll see the value in repetition. I have been going through the process myself. Reading October 2009 posts makes different meaning to me now than in December 2009. And hierin lies the value...
ReplyDeleteVal
Whether the readers adopt your trading system or setups or not is not important because it largely depends on their personalities and past experiences. However, you point a sound path for the newbies to start develop the skills, to be right at the beginning. Your methodology also provide a alternative perspective to understand the market price actions. To me, your blog always is a highly valuable source to "consistently and repeatedly" visit and study "again and again":).
ReplyDeleteThanks.
Jack