There’s a big difference between learning how to trade and learning how to become a trader.
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There’s a big difference between learning how to trade and learning how to become a trader. In this week’s #developyouredge episode we look at E-mini NASDAQ, S and P, Russell 2000, and we talk about how learning how to trade is much different than learning how to be a trader.
Everybody’s wondering, are we in a bear market now in the major indices? Are we still in a bull market?
Everybody thinks too much about bull market and bear market We’re traders. We have to trade it on the way down. We have to trade it on the way up. So look at the environment. Don’t be caught up in whether we’re in a bull or bear market – trade what’s in front of you.
Learning how to trade is so different than learning how to be a trader. Well, anyone can learn how to trade. Anyone can learn a chart. Anyone can learn a strategy. Anyone can learn how to work a bid or can offer. Hit a bid, lifted offer, work a stop. That is the easy part. Anyone can learn that, but to learn how to become a trader, it takes a lot of things.
There’s so many CANSLIM traders out there. Why do some CANSLIM traders do extremely well? Why others can’t make money trading that system? Because there’s a difference. Anyone can learn a system, but not anyone can learn how to be a trader. It takes a real strong commitment of time and every single day coming in, willing to be a student of the market. And it also includes something else that has been a big discussion lately on Twitter and to some of the spaces I’ve been talking in – mindset, trading psychology.
I really do believe that trading psychology is what takes you from learning how to trade to becoming a trader.
Why?
Because once you learn your strategy, once you learn the markets that you want to trade, the environments you want to trade in, it comes down to you the point and click and execute that strategy. I strongly believe the better executer will always get more out of a strategy. I don’t care what the probability of the strategy is. If you’re a really good executor of it, you’ll get more out of it. This is why so many traders out there can be better at trading a system than another trader because they’ve just learned how to become better traders. There’s a difference between learning how to trade and learning how to be a trader.
A trader has been through these tough moments, these busy moments, these slow moments, all sorts of different situations. And when the heat is on, you know how to act in that moment. Don’t get caught up in the moments. Learn how to slow things down and seize the moments. That’s learning how to be a trader.
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Develop Your Edge is a weekly YouTube show hosted by 23-year futures veteran and CME member Anthony Crudele, an ex-pit trader and one of the first to trade the E-Mini S&P. Each week Anthony and his guests discuss what they are doing to Develop Their Edge in trading futures! Past performance is no guarantee of future results.
