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Trading Lesson: Most Important Lesson I Ever Learned About Trading

10/09/2017 1:29 am EST


Jeff Greenblatt

Director, Lucas Wave International, LLC

In this business, there are many ways to skin the cat and you must learn one of them. In my case, it’s the Kairos price and time vibrations posted here, writes Jeff Greenblatt, director of Lucas Wave International and editor of The Fibonacci Forecaster.

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The most important lesson I ever learned about trading didn’t have anything to do with trading, on the surface. But there are deep implications I will share with you from a personal story. Stay with this, I promise it relates to your trading. Back in the 1980s when I was an undergrad in business school I took the same statistics course millions of business students take every year.

I barely passed with a C-. If memory serves me correctly the professor must have graded on a curve, so I did even worse.

Fast forward 20 years to grad school. At that time, I had to take advanced statistics. Some of you who’ve taken statistics know one must get through long-winded complex word problems with many steps. I knew I was in deep trouble but I had a great professor who taught me one of the most important lessons I’ve ever learned.


He told me if I followed his instruction, step by step, I would come to solve those dreaded complicated word problems. What happens in statistics: one goes down a rabbit hole and gets to a major fork in the road. Path A is comfortable, feels good and is wrong all the time. Path B is awkward, doesn’t seem to make sense, takes a leap of faith to choose and is right all the time.

The problem was that path A was always the easy way out and felt good but for whatever reason wasn’t the right answer. B was just the opposite.

I had a choice, I could continue to turn in my homework doing it the way I thought best or I could surrender my ego to a larger process and take my chances. It was scary at first.

Here’s what happened. I went from barely passing statistics in undergrad school to getting the highest average in this class at 95% with material that was several degrees more difficult.

The path of trading is very similar. If we have a methodology at the beginning of our career its usually from the standard set of indicators we get on our software packages. Even as traders get educated many tend to take trades too late when the trend is already in place.

Novice to intermediate level traders act when it feels good. Most of the time, it’s the wrong decision.

The traders who survive learn advanced methodologies which give them an edge. They condition their minds to pull the trigger at a time that may feel awkward and requires faith in their methodology/edge and conviction to stay with it.

How does one get from point A to point B? You must know when your edge appears by surrendering to a process that works.

People often trade emotionally because they don’t understand the pattern and they lose money trying to get it all back at once.  

In this business, there are many ways to skin the cat and you must learn one of them.

In my case, it’s the Kairos price and time vibrations which have been posted here over the past few months.  It’s a process called neuroplasticity. It can’t be accomplished overnight. Neuroscientists tell us it takes at least three weeks to form a new habit. One must be exposed to a method that works and see archive charts under many conditions both bull and bear.

Every time you see something that works, the brain forms a new neuropath. Form enough neuropaths and you’ll transform your mind.

Once that is accomplished, watch charts in real time. The better the methodology, the less you’ll trust it at first. Why? Remember the right decision is usually the awkward decision in the beginning. Observe the action and record the results.

The next thing to do is work on a simulator. When you prove it to yourself you can execute your plan in real time over a period of time you are close to being ready.

When you see yourself starting to accumulate demo money under a variety of conditions, that’s when you are ready. Realize it’s a process over time to reprogram your mind for success to transform from what appeared easy, convenient and comfortable to awkward and correct.

It will work for you in statistics, trading as well as other areas of life.

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