26 Aug 2023
What’s your investor personality type?
02 Sep 2023
When it comes to trading, the problem with being an analytical type is that you’re often full of sh*t.
Not what you were expecting, right?
Although trading is fantastic for those who love detail, data and analysis, I would like to suggest that if you are overly analytical, and as a result overly fearful, it is going to be a curse on your trading.
Not all analysis is bad, of course. I have had to work on my analysis skills in order to become a profitable trader, but there is a line where it becomes too much and leads to inaction.
You will always be able to find a reason to not take a trade, which relates to a lie we often tell ourselves – that if we know just a little bit more, if we understand and comprehend everything in a little bit more detail, then we will be successful.
This is simply not true.
Steve was your typical analytical type who wanted to learn to trade.
He spent a year on YouTube and on forums attempting to teach himself how to do this thing called trading. A whole year!
You may be in the same timeframe as that? Perhaps even longer?
He was going round in circles, never becoming successful at trading, losing money and then retreating back to a demo account. Sound familiar?
I don’t mind admitting that Steve was actually much smarter than me. However, when he finally stopped over-analysing and followed the coaching I gave him and the education system I recommended, he stopped going in circles and started to become successful.
But it’s not all his fault.
Part of the problem is that all of this free stuff online lacks feedback, it lacks context and there is just a whole mass of it.
Without having that information filtered, put into context and put into a structure and a palatable system that you can actually learn and actually master, it is next to useless.
So why have I decided to address this issue and make reference to my poor friend, Steve (name changed, of course)?
Well, the problem is that trading tends to attract analytical type people.
There are a thousand different candle patterns, indicators, strategies and analytical tools that can be used for assessing the market.
It’s an absolute field day for those that are analytical!
But analysis is only a part of the process. Yes, a significant part of that process, but not enough to get you to where you need to be.
You need a range of different skills to become a successful trader.
This is why the STARTrading Method (as featured in Bloomberg, Yahoo! Finance and Business Insider…) is broken down into 5 different stages:
1. Chart Mastery
2. Risk Mastery
3. Strategy Mastery
4. Mindset Mastery
5. Optimisation Mastery
Not only does this create a palatable system, but it also ensures absolutely no blind spots.
I spent years developing this method, making it as efficient, systematic, fun and fast as possible to take people from knowing nothing to trading successfully.
In many ways, I think of it as my gift to the world – which might sound grandiose but it’s everything I wish I had access to when first learning to trade.
And if that sounds too good to be true, then I’d love to invite you to one of our upcoming live events.
During these events, I provide an in-depth breakdown of how to implement this method and uncover how you can learn to trade successfully using just 30 minutes per day.
Most events are free to attend, so what are you waiting for?