My Lessons Learned posts acknowledge blog posts from around the web which illustrate exceptional ideas that are valuable to new traders. The goal is to assimilate the wisdom of the experienced, instead of learning the hard way. There is an excellent post by Evan Lazarus from the
T3Live website blog summarizing the lessons learned by an experienced, profitable trader. Here are some critical lessons from the article that are noteworthy:
LEARN FROM THOSE WHO ARE ALREADY SUCCESSFUL! THERE IS NO NEED TO REINVENT THE WHEEL! DO NOT BE IMPATIENT AND TRADE FOR THE SAKE OF TRADING. YOU ONLY NEED ONE SUCCESSFUL EDGE TO BE PROFITABLE. WIN RATE AS HIGH AS 90% ARE POSSIBLE, BUT YOU NEED TO MAKE TRADING METHODS YOUR OWN. EVERY LOSS TEACHES A LESSON. CONSTANTLY LEARN AND REMAIN MENTALLY FLEXIBLE!
Blog Post Highlights:
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