Reflecting on today's trading session, I was reminded of a crucial lesson that often gets overlooked: the importance of following guidance, especially when you're starting to see some success. As a professional day trader with over 11 years of experience, I've seen countless traders make the same mistake—ignoring the advice of their mentors once they start making money.
Today, I executed a couple of trades that went exactly as planned, locking in a solid profit. However, I noticed a recurring issue with one of our members who consistently trades on failing charts, ignoring clear signals and advice. This behavior is akin to a quarterback disregarding the coach's play call, thinking they know better. In trading, as in sports, this kind of arrogance can lead to disaster.
I've trained over 40,000 traders, and I've seen this pattern too many times. A trader starts making a bit of money, and suddenly, they think they have it all figured out. They stop listening, stop learning, and eventually, they blow up. It's a hard lesson, but one that needs to be learned: success in trading requires humility and a willingness to follow guidance, no matter how much you think you know.
As I wrap up today's recap, I urge all traders to stay humble and keep learning. The market is a complex beast, and there's always more to understand. Don't let early success lead you astray. Keep listening, keep learning, and you'll go the distance.