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n conversations with new traders about trading and the trading process, I am often reminded that what they are experiencing is the same thing that I had experienced in the early days.
Actually, it’s probably what 99% of new traders experience when they first open a chart and learn about trading.
There’s a lesson right there about not taking anything personally when you are trading since what you are going through is not unique.
I did approach the beginning years of trading a little differently than others. I never got hung up on the numerous forums, indicator hell, $37 e-books or the humorous “trading robots”. I was always aware that if it were that easy, the failure rate would not be as high.
At the end of the day, trades are made by humans. Even the algorithmic trades had to be programmed by a human. I realized that generally, my failings were my own.
Realization and acceptance however are two vastly different things but you have to see a problem before you can fix it.
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