How You Can Avoid Making the Same Mistake I did

How You Can Avoid Making the Same Mistake I did

If I could have you do one thing differently to me, this would be it.

I’ve fallen in the trap and I warn people constantly. You MUST stick to your trading strategy.

The beginner’s cycle happens to everybody. It’s happened to me. I’ve certainly had strategies, and then doubted them, and gone off on a tangent, then come back, and thought “Gosh, imagine what my results would’ve been like if I’d stuck to the strategy!”

You have to find a strategy that suits your personality, understand why the strategy works, and do not deviate from it.

Just let it run, and let it do its job. If you find that the strategy has periods of time that make you feel uncomfortable, then rather than deviate from the strategy, add other strategies to diversify. Or, lower the amount of money you risk per trade; i.e. adjust your risk management but don’t stop following the strategy.

If I could start over I would:

Find a strategy

Test it

Do it

…and keep doing it.

Trish and I have built up a sizeable super fund trading the Growth Portfolio since 2006 (I wish we’d started earlier!)

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