We all must have come across this wonderful multicolored Rubik’s cube at some point of our life. Many of us must have enthusiastically tried a lot to solve this cube. Almost everyone must have left it halfway unsuccessfully. Rubik’s cube and trading are very much similar in all manners except the reward part, winning the cube won’t make you a lot of money, winning at trading would surely help you make lots of profits.
In the starting both seem very easy but as we spend more time, we realize its difficult. Amateurs think its very easy to trade by just viewing few technical charts and trading on it. Similarly in the starting ,one thinks solving the cube is easy by solving one side at a time. A lot many actually succeed solving one side or maybe two sides. Getting past two sides seems like impossible task and at times frustrating. In trading amateurs get few profitable trades, but getting profit on consistent basis seems impossible.
The question is how to crack this puzzle? Is it possible to solve the cube? Is it possible to make profits from market? The most commonly asked question in all my training sessions “ is it possible to make money in trading?”.
Both require patience and techniques. There are algorithms to solve the cube, but one needs to learn it step by step , solving one layer at a time. Similarly in trading, we need to learn step by step patiently. There are three layers in the cube, first layer is very easy, second layer is bit complicated and the last layer is the toughest. First layer can be solved by everyone, second layer can be solved by few , if they do the right algorithm and stick to it for long. The third layer is the most difficult and the third layer contains further three more sub layers. It can be solved if we practice long enough using the correct algorithms. Once we get it correct, the next step is to solve it in lesser time and lesser moves.
Trading also consists of multiple layer of expertise and discipline. Initially technical analysis and a trading system can get you through the first level. A few more in-depth expertise of various technical indicator with a good trading system having proper money management and risk management can get you through the second level. The last level requires an edge in all the fields with proper execution and disciplined approach. The secret to success in trading is practicing your expertise again and again. If you have found a good trading system, you need to stick to it long enough and follow it for using the rules with discipline.
Learning to solve the Rubik’s cube will help you develop a disciplined mindset required for successful trading.
For any queries on this, I can be reached at firstname.lastname@example.org.