I analysed 7,000+ traders and found one key difference between the ones who;
- Make money in 6-12 months
- Struggle for 3+ years
It's not one magical strategy or indicator.
It's HOW you learn from your own trading experience.
Take two traders:
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Trader A
He's been trading for 5 years.
Sometimes he's been super focused, learning as much as possible.
But sometimes he gets busy or just gives up for a while.
He's watched 100s of hours of YouTube videos and tried every strategy he can find.
He's made some money (especially during bull runs), but never consistently.
After 5 years: what is he left with?
• So much theory that it becomes noise
• A list of things that don't work
• A mindset that trading might not even be a viable way to make money
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Trader B
He's only been trading for 1 year.
However, he's stuck with one approach the whole time.
And he's journaled everything.
He's been trading for a lot less time, but let's look at what he's left with:
• A nuanced trading approach built around ONE strategy
• A list of rules that he knows makes him more money consistently
• A mindset where the process is more important than the outcome of any one trade.
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Ask yourself: who is more likely to become profitable faster?
Trader A with 5 years of experience?
Or Trader B with 1 year of experience?
The answer should be obvious (it's B).
Despite trading for 4 years LESS, he's significantly further ahead.
The ONE thing he did differently?
He used his own data to consistently improve rather than relying on "studying".
So if you're new: That's how to save yourself years.
If you've already been trading for 3-5 years... don't worry. This is GOOD news...
Once you swap to the right way of doing things, you'll be amazed at how quickly you can surpass years of doing the wrong thing.