When I first set out to create this website my “Golden Rule” was that it would always be a “Work In Progress”…everything about it would be subject to change.
Initially the site was going to be a place to post the Trading Desk Notes…my comments on markets and trading….and I hoped that the Notes would give people some ideas that they could apply to their own trading.
But it seemed that something more was needed…something more personal…so I added two other categories, 1) Trading Principles: the framework of rules, concepts, and experiments that I apply to my own trading and, 2) The Trading Life: my thoughts on how to cope with real life issues when you’re trading for a living.
These categories are obviously inter-twined and it may turn out that trying to separate them was a bad idea…but I’m going to give it a try…hoping that the separation allows for more focus on specific issues.
Finding A Way To Trade That Suits You
Over the years I’ve met a number of very successful traders…I’ve read books about or heard about dozens more and these days you can see lots of videos / listen to podcasts by lots of people who seem to be successful traders.
These successful traders are as different from one another as chalk and cheese but every one of them has found a way to participate in the market that suits them…their personality…their risk tolerance…their time horizon…and their trading style.
My guess is that none of them were instantly successful…I believe that many of them suffered serious losses early in their career…but over time they discovered what worked and what didn’t work for them.
Some successful traders may have simply been in the right place at the right time (never underestimate the power in that!) but that doesn’t last…I think the really good traders are the ones who have “come back” from serious emotional or financial draw downs.
To me finding my way is a never ending process. I keep changing, the world keeps changing and markets keep changing…so my trading process has to keep changing…but there are some fundamental “cornerstones” of my trading style that don’t change…or if they do change it’s very slowly and very incrementally.
I plan to write a series of Trading Principles on this site as time goes buy. I’ll talk about some of the things I’ve learned (often the hard way) that “guide” my trading and I promise to tell some trading stories to keep it entertaining!