When studying traders that seem to have it all together learn concepts do not try to copy exact.  We want to know what they did and exactly what happened.  That is good in trying to learn but do not compare yourself to other people; Just compare yourself to your own efforts.

Yoga students do not compare them selves to the other yoga students that is detrimental.  The same goes for trading.  If we compare ourselves to other traders we may not know the real story.  They may only be trading demo accounts.  We hear people talk about how they made all these pips and it starts to make us feel like we do not know anything.  But we do not know anything about the truth of that trader.

We ask how someone trades and no matter how much I am told about it I will not be able to do exactly what that trader did or does.  The market moves and may not do what it did the last time.  So I will not be able to create the same results.  We need to learn concepts and read them for ourselves to be the best trader we can be.

We look at the way someone trades and laugh.  We might say why did they do that they should have done this.    And if it were known all this trader need is a few simple tools.  That is all we need is a few simple tools, did I say a few simple tools.  We tend to over complicate things.

We think we need or want to be the best trader but all we need to do is keep it simple and don’t try to change things that work.  To be good we do not have know everything

If we set ourselves up to be perfect we will find that we have nothing.  There is no perfect trader or perfect way of trading.  We just need to be more right than wrong or bigger right and smaller wrong.  We could be wrong more of the time yet make money because we follow a simple trading plan and strategy but be right on a large scale and wrong on a small scale.

When we trade against idealism then we bump up against our abilities.  Then we become discouraged then we try and get even with the market, we deviate from the rules, try to over complicate things.  We need to understand our limits and abilities.

We still need goals that are realistic goals.  If we do not reach a goal just re-set the goal or better yet reset the time frame and continue pursuing the goal.  I once heard that there are no bad goals just bad time frames.  We can say we want to make so many pips a week but for our abilities and skill that may not be realistic.  But if we say we want to make the same number of pips in a month or 2 months then that could be right on.  Once we reach a goal we can change the time frame by making it shorter then go for the goal again.

If we focus on becoming the best trader we will most likely frustrate ourselves.  But if we focus on being very good at trading on a system and how the trading process works then we will progress and not frustrate ourselves.  Just work and have fun.

You may learn more if you have a tuff time of trading in the beginning of your trading career.   If you stick with it and continue to learn you might find more meaning in trading.  One of the worst things in the begging of any ones trading career is to hit it big right in the beginning. A trader can get a false sense of his trading skill level and his trading competence.

If you study trading much, you will find that those that are not fancy and clever usually become the best traders.  Just keep it simple and follow some basic trading rules.  A Trader needs to stop trying to become like someone else and become the best they can become.

We need to assess our risk and never go outside of that risk area and be true to ourselves.  By getting out of things that don’t work and agree that we are full of it when we are up in our accounts and agree that we are full of it when you are down in our account then we can be more stable as a trader.   We should not take things to serious.  By keeping things simple and sticking to a trading plan and trading method we can get control of our emotions and greed and become the best we can be.

Have fun and trade well