Trading, like any profession, is an art form. It takes time and dedication to develop a workable trading strategy, but dedication is key. Think of an artist sitting in front of a blank canvas. The artist may have vision for his completed work, but that vision takes time, thought and energy to be fully realized. Every stroke of the brush on the canvas brings him closer to reaching his goal and completing his masterpiece. But often there is a season in the process when the work of art becomes shapeless and the vision is difficult to hold onto. A good artist understands that this is just a part of the process, while a novice may very well scrap the work and start over.
As a trader, the strategy development process is your blank canvas. Every stroke of the brush is another aspect of your methodology being defined. But just like the painter, there comes a season as a trader when the strategy loses shape and seems to lack form. The account is dwindling, every trade seemingly goes against you and the hope of completing your “masterpiece” is fading fast. The dedicated trader is like the good artist; he recognizes the season and presses on. The undedicated trader is prone to scrap the strategy and start over or leave the trading world altogether.
Which one are you?
The key is to understand what the journey looks like before getting started, which can be near impossible if you don’t know what you are doing. But the reality is that trading for a living is a very practical goal, you just have to have the persistence and dedication to get you where you want to be.