Telling someone how to trade is like telling someone how to grieve.

You can’t tell someone how to grieve and you cannot tell them how to trade. Every person absorbs information and reacts differently.  Each person comes with a different set of circumstances, objectives, risk capital, and obligations.

There are three types of people that seek information about trading. People who want another person to trade for them, those that want to know when to trade, and those that want to learn how to trade.   Each has its own strengths and weaknesses.

If you want to learn how to trade it is impossible to rubber stamp people. Fighting the market, emotions, and fighting who you are is too hard.  I have tried it and I have seen others try.

In the end, the most successful traders take, buy, or build a process and make it their own. They accept the consequences and never stop learning.

If someone tells you how to trade or grieve, they better know more about you than your username.

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  • jazzy

    I totally agree, you have learn what your strengths are and, more importantly, what your weakness are. Then once you have those defined, you have to figure out how to overcome the weakness. I’ve been trading for 11 years, and want more than anything to make it work, but have never been able to get over my weaknesses.

    • Yes or know when you are most susceptible to succumbing to the weakness and stay as far away as possible. Revisit the situation when you are best equipped to get over it. That is different than just forgetting it.

  • JeffreyLin

    you forgot the other types of people who seek information about trading: engineers like my former self (who thought trading is a science and if u just knew all everything about it and all the data u can make a money machine)

    • That is if I thought engineers were people too. ha ha. Thanks for the comment.

      • JeffreyLin

        only those at AAPL are. but because they make a lot of $. the rest of us aren’t.

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7 Responses to Telling someone how to trade is like telling someone how to grieve.

  1. jazzy says:

    I totally agree, you have learn what your strengths are and, more importantly, what your weakness are. Then once you have those defined, you have to figure out how to overcome the weakness. I’ve been trading for 11 years, and want more than anything to make it work, but have never been able to get over my weaknesses.

    • Eradke says:

      Yes or know when you are most susceptible to succumbing to the weakness and stay as far away as possible. Revisit the situation when you are best equipped to get over it. That is different than just forgetting it.

  2. JeffreyLin says:

    you forgot the other types of people who seek information about trading: engineers like my former self (who thought trading is a science and if u just knew all everything about it and all the data u can make a money machine)

  3. […] Eli Radke, “In the end, the most successful traders take, buy, or build a process and make it their own.”  (TraderHabits) […]

  4. […] is personal.  Your DNA plays a part in your trading.  I do not think you can tell someone how to trade or grieve without learning something about them (trade not grieve). With that being said there are thoughts […]

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