What do they do for me?
As I myself learned to trade, I am the type of trader who learns from experience. There are some traders who can read something and act on it precisely and be successful. I'm not one of those as I need to experience it through success and failure in order to have it stick and make sense. Then I can say, "ah, that's what was meant."
There are so many nuances and steps to trading because I think the variables change so much all the time. The one variable, to me, that is a constant is human behaviour which is why I focus much of my attention and thought on it.
I mentioned previously that one step I take and still take is to eliminate what is hurting my trading. I think I am no different than other traders in that I've had many successful trades and many failed trades. It was a much more suited process for me to eliminate the failed trades rather than seek out and strive to make every trade a success.
I suppose this is akin to a sculpture only adding exactly the clay they need as they are making their piece, or starting with a massive imperfect piece and chipping away and eliminating the nonessentials. I found myself to be the latter. One early and simple example of many is that I eliminated watching CNBC on TV entirely. I have not watched it in over 10 years because early on I discovered that it truly had no benefit to my trading and was in fact quite a nuisance and hindrance. I found that it gave me a slanted and almost false sense of the market. The internet has helped greatly as I can now pick and choose to read headlines and just a handful of commentary.
