Many years ago, I read a book on how to succeed at anything, written by an an unknown author but had some real nuggets of wisdom.
The most important factor that controls your success at anything is your
knowhow.
None of us is trading the market, we are trading our knowledge of it. There is an old saying attributed to Tony Robbins -- Insanity is doing the same thing over and over again, but expecting a
different result.
Yet, there are many here who are doing exactly this, and I suspect you are too. I suggest
you put this journal on hold, and go back to your courses and actually read them.
Yes, 95% of them are very average, but the 5% that have value can change your life.
I too took the same route as you, via courses, but I was lucky enough to connect with the right people and the right courses. Very recently, I found a nugget in an old trading book which has redefined how I look at trading.
The only reason you are not profitable is because
you don't know what works. Nothing else.
There is a lot of BS out there that years and decades are needed to become a profitable trader. All of it is balls.
The transformation happens in a
heartbeat, the moment you find the niugget
I am an expert at 4 skills. In one of them I used to be in the top 5% of the country and ironically, I can bring anyone up to my level with 15 minutes of instruction, and a few hours of practice. I've seen life from both sides of the fence, as a player and as a coach, which has given me some insights on how people think..
95% of people fail at many things because
they are not willing to do what it takes. It usually boils down to money or hard work. They are not ready to pay or put in the hard work required.
People look at a gem as shit, because they got it free, and shit as a gem, because they paid through their nose for it. Such is the nature of the human beast.
My wife was an average cook when we got married and she decided that she wanted to improve drastically, so she bought loads of cookbooks and attended cooking classes. Net result - she became more knowledgeable but quality was the same.
After a few years of this I stepped in.
As a bachelor, I used to eat at a certain restaurant everyday, and over time got to know everyone from the owners to the cooks and waiters. I went to the restaurant and requested the head cook (he must have been about 70) to visit my home, teach my wife some cooking for which I paid him.
A few days later he visited and spoke with my wife for about an hour. After that her qualiy of
cooking went through the roof.
So I asked her what he had taught, and she said that she had been doing a common mistake which he corrected. This of course raises the question, - why the loads of cooking books and classes didn't correct it?
She said that none of the books and classes had ever touched on this topic, which is very common in many skills.
Some of the most important knowledge is passed on
only by word of mouth.
Do what you've always done and
you'll get what you always got.
