Knowledge is Potential Power
The Best Education“Knowledge, uninvested in Labor, is wasted.”
– Jim Rohn
Building Blocks
Pieces Of The Puzzle
There are many components of becoming a successful trader. Those who understand that trading is a business will have a much greater chance of surviving. Education is only part of the process, and by itself will not guarantee anything more than a stake in the game.
Education
Be the dumbest in the room if we want to learn something new
Expect to win
Scared money never wins
Experience
Learn from our mistakes and those of others
Execution
Confidently take action, but have a Plan B
Evaluate Results
The Feedback Loop allows for course correction on micro and macro levels
Intuition
Paralysis by Analysis
As traders we need to act with incomplete information
Left Brain
Logical Ideas
Integration
Make a Decision
Right Brain
Intuition
Jim Rohn
Street Smarts
Formal education will make you a living;
self-education will make you a fortune
Social Media
Entertainment
Pundits on Social Media should be viewed as carnival barkers looking to make an impression on the gullible and unsophisticated masses. Entertainment is Big Business and by it’s very nature is addictive and humorous.
If you’re looking for fun, and snarky witticisms go to twitter. If you want to learn about trading, study the classics and take responsibility for your trading results.
Pulling The Trigger
Execution
Gurus and Brokers who stress “execution is everything” do a disservice to traders. This is a business, and proper execution is only one piece of the puzzle along with mumerous other important parts.
Doctors, Attorneys, Plumbers, Teachers, Athletes, and Real Estate Brokers all receive formal traing and continued education; why should traders be any different?
What good is pulling the trigger if the gun is aimed at our head?
Pay it Forward
Sharing Our ExpertiseTeaching others has been shown to help the Coach or Mentor improve their own understanding, no matter what field we are in.
Action
Our trading journey begins and ends with Education. We add additonal necessary skills like execution after we become seasoned about market movements. I believe in the power of education coupled with the feedback of experience.
Get In Touch
MARKETwizardz,com
Naples, FL
support@marketwizardz.com