How long does it take to become a stable and profitable trader?
Everyone's level of comprehension varies, and so does the time required.
Whether it's stocks, futures, or forex, most people need more than five years to evolve from a novice trader to a consistently profitable one.
It took me about five years to truly establish my own trading system, but it didn't immediately put an end to my losses. It took another two years of live trading and constant fine-tuning until the seventh year when I finally said goodbye to the days of losses and began to slowly and steadily profit, all of which came at the cost of a loss of over two million.
Moreover, I was fully committed, investing more than ten hours a day, often to the point of neglecting sleep and meals in my research.
A trading system consists of three parts:
1. The entry rules for trial and error
2. The exit rules to cut losses short and let profits run
3. The money management rules that align with one's own risk preference
Although it may seem simple, first, it takes a long time to grasp these three points, and second, it is not easy to refine your own trading system within these three rules.In the trading market, what we can achieve is the stability of trading logic and trading systems, and then wait for the uncertain market trends to provide us with the desired market conditions.
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Of course, this stable profit is not what many people imagine, such as making money every day, every week, or every month. Even when looking at a sufficiently long trading year, achieving annual profits also has its challenges.
The longer one trades and the more experiences one has, the more one will respect market trends and understand that the decisive factor for whether one can profit stably is the market trend, it is fate, and the more one understands how strong uncertainty is.
Any stable profit-making trading system is actually consistent: when one's market conditions have not yet arrived, strictly control the risks and try to minimize losses. When one's market conditions arrive, gain a wave of profits to cover the previous trial and error costs.
However, no one can know when the market conditions suitable for each trading system will come. It might be that they do not come for several consecutive months, and then you have to endure several months of consolidation and losses. So the trading system you pursue for weekly and monthly profits actually does not exist.
If you see a trading system that has been profitable for several consecutive months, it is not because its trading system is so outstanding; it might be that it has been fortunate recently.
There is no perfect trading system; there is only a trading system that suits oneself. Pursuing a perfect trading system for weekly and monthly profits has unknowingly led one onto a path of no return.You must make your own choices and understand what kind of market you want to trade in. Out of the vast waters, take only a ladle to drink. Make a choice, then fix it, and do not easily change it again. Consistent implementation will definitely be better than constantly changing.
Trading is a professional skill that deals with risk and return, and it also conforms to the 10,000-hour rule.
Establishing a trading system does not mean you can just lie down and make money. You must also take your system through enough market conditions, gradually generating faith in your trading system during this process, so that you can consistently execute.
I often encounter many trading novices who, after not trading for long, feel that they have mastered the secrets of the market, look down on others, continuously increase leverage, and increase their own risks. The final outcome is always unbearable.
Remember when I first started trading, I was basically all-day involved in studying price trends, various trading patterns, trying to find a guide to predict price movements, and I was extremely passionate about this work.
I diligently studied various books, hoping they could help me predict future market movements, but this often led to heavy losses. Predicting the future trend of the market is not easy.
Looking back now, those common sense points were all paths that many trading novices had to go through, and I understood why I couldn't achieve results immediately at the time. My mind was full of speculative consciousness, and my goal was to develop a strategy to buy and sell in the market all day, capturing those small-scale intraday fluctuations, which was wrong. Fortunately, I realized this mistake in time later on.There is nothing new on Wall Street, the principles of trading have long been established, because no matter how the market changes, human nature remains the same.
Price movements have always been repetitive, and although history does not simply repeat itself, the underlying logic of its operation is exactly the same. Trend following is the path of trading, and anyone who can achieve long-term stable profits must have a trading strategy that aligns with the basic logic of cutting losses short and letting profits run.
Because the market has fluctuations, it is the existence of trends that gives you the only possibility of profit. No matter what your strategy is, the core is how to better capture the trend. If the market did not have fluctuations, then there would be no need for the market to exist.
If you think it's good, give it a like. Many things, many truths, can be understood after a long time of trading, but society is about who understands first. Early understanding and late understanding lead to different destinies.
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