Why Developing Traders Should Not Think About Quitting



This post was inspired by a recent interaction with a reader of my book. 

Traders must embrace the growth mindset and not feel tempted to quit after early failure. The learning curve in the trading business is long (5 to 10 years) and traders must be focused on constant improvement and not in a "hit or miss" kind of mission.



You will follow practical steps and acquire the essential skills a successful trader must have in order to consistently win, and you'll also learn:

- how to develop a trading system
- how to utilize the best trading techniques within a trading methodology
- how to think about the psychological aspects of trading and the markets
- how vital it is to treat trading like a business

As you master this breakthrough program, you'll build yourself a distinctive trading signature.

"It took me five years to become a profitable trader and almost another five years to become extremely consistent. If I had come across the right trading material and concepts earlier, I’m sure the learning curve would have been far shorter. This practical book will give you the materials and concepts I wish I’d had early in my career." - Henrique M. Simões

Markets Are Always Changing

“Markets are always changing and even the most talented participants have to evolve with the markets and that need to evolve itself brings its own psychological challenges. The need to be creative, the need to be resilient in the face of frustrations and also the need to identify and build upon strengths.” 
– Brett Steenbarger in Chat with Traders podcast


As an old adage says, “There’s no such thing as the goose that lays the golden egg forever.” Market conditions do change. One of the real skills for a systematic trader is to understand when he or she needs to change a trading system or its parameters, adapting it—or even when to abandon it altogether and develop a new one. Traders work very hard to find a trading edge that works, and they’ll play it out until it stops working. 

But they must be prepared for, and even expect, the market to change, and they must know that this unavoidable change may reduce or eliminate their trading edge. That is why it’s so important to look for new ideas all the time and to always be testing new systems and patterns—doing so means you’ll have a backlog of trading edges to work with if or when your current one loses efficiency or stops working.

You will follow practical steps and acquire the essential skills a successful trader must have in order to consistently win, and you'll also learn:

- how to develop a trading system
- how to utilize the best trading techniques within a trading methodology
- how to think about the psychological aspects of trading and the markets
- how vital it is to treat trading like a business

As you master this breakthrough program, you'll build yourself a distinctive trading signature.

"It took me five years to become a profitable trader and almost another five years to become extremely consistent. If I had come across the right trading material and concepts earlier, I’m sure the learning curve would have been far shorter. This practical book will give you the materials and concepts I wish I’d had early in my career." - Henrique M. Simões

Finding Your Trading Niche (Linda Raschke, Assad Tannous, Steve Burns)

A trader must make the effort to master a very specific type of trading method or trading vehicle. Specialize—do not be a jack-of-all-trades, master of none:


"All you need is one pattern to make a living."
- Linda Raschke, futures trader, LBR Group


"You want to get in the habit of making the same trades over and over again."
- Tracy, independent crude oil futures trader


"Successful traders focus on what they are doing with an unconditional belief. Everything outside of that is just noise."
- Assad Tannous, Head Trader and founder of Asenna Capital


"A trader that chooses to be master a specific type of trading method or trading vehicles has a much better chance of success than the traders that just dabble in many different things and never make much progress."
– Steve Burns, swing trader and author


PS: Trading Course is now available both in Paperback and Kindle eBook. Buy it now on Amazon!



You will follow practical steps and acquire the essential skills a successful trader must have in order to consistently win, and you'll also learn:

- how to develop a trading system
- how to utilize the best trading techniques within a trading methodology
- how to think about the psychological aspects of trading and the markets
- how vital it is to treat trading like a business

As you master this breakthrough program, you'll build yourself a distinctive trading signature.

"It took me five years to become a profitable trader and almost another five years to become extremely consistent. If I had come across the right trading material and concepts earlier, I’m sure the learning curve would have been far shorter. This practical book will give you the materials and concepts I wish I’d had early in my career." - Henrique M. Simões

How To Think About Trading Losses

"Even the most successful traders encounter their periods of loss. How they manage the losses — and how they manage themselves during the periods of loss - makes a huge difference in terms of their ability to come back."
—Brett Steenbarger, author of Trading Psychology 2.0


"Most studies suggest that losses are twice as powerful, psychologically, as gains."
—Daniel Kahneman, author of Thinking, Fast and Slow


"What winning traders share: they all understand that losing is part of the game, and they have all learned to lose."
—Jack D. Schwager, author of Market Wizards


When traders are in a trade, they tend to narrow their focus. The only thing a trader tends to think about is the outcome of the trade he or she is in right now. This is especially true if the trade is losing money. The trader’s instincts will try everything to keep that trade from being a loser. The trader may add up, average down the trade, temporarily remove the stop, widen the stop, or just stay away from the price action for a couple of days to give the trade some room to breathe. I have seen all these tricks among traders, both novice and experienced. But traders should not be worried about losing money. You win some; you lose some. It’s the bottom line that counts. 

Traders may lose money, but what they cannot lose is their trading discipline, as it is one of the fundamental assets of any trader. All traders must have confidence in themselves. All traders must believe in the deepest sense that they will do what is best for their own interest all the time, and that is to play according to the predefined plan.

You will follow practical steps and acquire the essential skills a successful trader must have in order to consistently win, and you'll also learn:

- how to develop a trading system
- how to utilize the best trading techniques within a trading methodology
- how to think about the psychological aspects of trading and the markets
- how vital it is to treat trading like a business

As you master this breakthrough program, you'll build yourself a distinctive trading signature.