The mistake of thinking you are different.

If I could kick anyone’s ass it would mine about 10 years ago. I believed so much in myself that I thought I could skip steps. To be fair, I was good at certain things that made it easier.

When you get to a certain level, every participant has talent.  The things that help differentiate are the intangibles.  Drive, focus, ability to learn, etc all have a significant impact.  Every person needs to have some break along the way.  When up against the wall you have do things differently in order to make your break.  All of my failures, there have been a many, are do to the fact I wasted the intangibles  and didn’t do what was necessary or I could not see what was necessary and time ran out.

I thought I was different, I thought I could skip steps.  As I got older I realized that every person has to make the same stops along the path, sooner or later, and that you do not become better by skipping steps.  You get better by spending only the time needed at each step.

No one is special in trading, each step has to happen.  The best spend the least time at each step.  They retrace their steps when necessary but not any more.

We would really appreciate your feedback, if you like, hate, or think we are full of crap. Please leave a comment, a voice mail (312) 725-9121, email info @ traderhabits (dot) com or twitterstocktwitsyoutube and facebookSubscribe to Traderhabits by email or to newsletter.

  • Popescu

    Very nice post!

  • Trading without humility is like going to knife fight with a pea shooter.

    • I think you should be who you are and stay that way.  But who you are and who you think you are needs to be the same as well. Thanks for commenting. 

  • Sometimes the time one needs at a certain step can make the next one seem so far away. You think others are running way ahead, and some are. But some are skipping steps as, you write.  Excellent and thoughtful post, thank you.

    • I don’t think anyone gets to skip a step but it might appear that way because they are there for a very short time and/or they do not have to retrace their steps. 

6 Responses to The mistake of thinking you are different.

  1. Popescu says:

    Very nice post!

  2. Trading without humility is like going to knife fight with a pea shooter.

    • Eradke says:

      I think you should be who you are and stay that way.  But who you are and who you think you are needs to be the same as well. Thanks for commenting. 

  3. Sometimes the time one needs at a certain step can make the next one seem so far away. You think others are running way ahead, and some are. But some are skipping steps as, you write.  Excellent and thoughtful post, thank you.

    • Eradke says:

      I don’t think anyone gets to skip a step but it might appear that way because they are there for a very short time and/or they do not have to retrace their steps. 

The services and materials provided should not to be interpreted as investment advice, an endorsement of any security, commodity, future, or personal investment advice, or an offer to buy, sell, hold or trade futures, options or commodity interests or a recommendation to buy, sell, hold or trade futures, options or commodity interests. You assume the entire cost and risk of investing and are solely responsible for any and all gains and losses, financial, emotional, or otherwise, experienced, suffered, or incurred by you.

Read previous post:
Thoughts on Gasparino/CME rumor.

When the MF Global thing happened I knew there were going to be changes.  After talking to owner of a...

Close