Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Stock Bee (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

How to develop as a trader

% of readers think this story is Fact. Add your two cents.


Working memory involves the ability to maintain and manipulate information in one’s mind while ignoring irrelevant distractions and intruding thoughts.

That is how traders make money. By trading a method or setups without distraction and making decision based on constantly changing dynamics.

This requires a well trained and developed procedural memory for a setup or trading style.

The simplest trick to training procedural memory is repetition and repetition in high volume and more importantly repetition in high volume at a very compressed time frame.

Intense short duration voluminous practice is best way to train procedural memory. It is more effective if done at a rapid fire rate. The reason that works is when you do things under pressure the brain trains itself to be super efficient.

More than that intense effort done at rapid rate also enhances your confidence as it leads to improvement in your skill rapidly.

This is the principle used to train in US army. US army is one of the largest user of psychological research. If you see books on expertise development many of the studies are sponsored by the US Army.

Basic Combat Training and Advanced Individual Training are the core starting point for all recruits. Both those courses are designed to be highly intense and challenging

The principle applies to anything which involves expertise in life. Train, Overtrain,. Constantly Train. Train under pressure. Bootcamps are the preferred methods in US Army for that reason.

In practical terms if you want to be better trader instead of getting in to endless debates and flirting from method to method or setups you should train and train intensely, and train intensely under severe pressure to master a set of setups.

The Stockbee trading Bootcamps work on that principle. They are intense 2 day sessions where Stockbee members go through thousands of past setups in intensely structured and fast paced environment with constant feedback to build a procedural memory for trading 2 or 3 setups.

Once you do that then you can build on that over the years. most people think trading is something they can do as some part time project with minimum training. It does not work that way. Sooner or later they blow up.

If you want to be successful trader and make millions:

Train

Train intensely

Train intensely under pressure

Train intensely under pressure with feedback loop

Train repeatedly

Train regularly.

Do that if you want to be a successful trader….


Source: http://stockbee.blogspot.com/2019/10/how-to-develop-as-trader.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.