Hey everyone,
It's easy to get caught up in the technical rabbit hole of algo trading – the code, the backtesting, the deployment challenges. But lately, I've been focusing on something far more fundamental, something that I'm quickly realizing is absolutely critical for long-term success, whether you're trading manually or building bots: trading psychology and the art of effective learning.
And for that, I've been diving into a course from The Trading Cafe that truly lives up to its name: "The Boring Shit That Makes You Rich."
Embracing "The Boring Shit"
When I first saw the title, I chuckled. "The Boring Shit That Makes You Rich." But honestly, it's such an apt description. This course isn't about flashy indicators or secret strategies. It's about the foundational principles of discipline, mindset, risk management, and the often-overlooked mechanics of how we truly learn and integrate complex information.
It's been incredibly helpful. For a beginner like me, who's still grappling with the emotional swings of losses (even in backtesting!) and the overwhelming amount of information out there, this course has been a guiding light. It's provided clarity on:
- Emotional Control: How to manage the inevitable fear and greed that creep into decision-making.
- Process Over Outcome: Focusing on executing your plan perfectly, rather than just chasing profits.
- Effective Study Habits: How to break down complex trading concepts and ensure they stick, rather than just passively consuming content.
- Realistic Expectations: Understanding that consistent profitability comes from hard work and patience, not quick wins.
These are the underlying currents that determine whether any strategy, automated or manual, will ever truly succeed. It's the "unsexy" stuff that makes the biggest difference, and I'm genuinely grateful for the insights it's providing.
Finishing the Book, Gearing Up for Round Two!
On another note, I've officially finished reading "Six Figure From Scratch" from The Trading Cafe! It was a comprehensive read, packed with actionable strategies and a systematic approach to building a trading business.
My initial read was about getting the lay of the land, understanding the broad strokes, and identifying the key concepts (like the Supply and Demand strategy I'm now focusing on). But a single read is rarely enough for truly internalizing such dense material.
That's why I'm already gearing up for a second read. This time, it won't be a speed read. I'll be going through it slowly, chapter by chapter, with a notebook open, taking meticulous notes, highlighting key passages, and really trying to absorb every nuance. The goal is to move from awareness to deep understanding and practical application.
The journey continues, and it's becoming clear that the mental game and consistent learning are just as vital as the technical skills.
What's a "boring but essential" trading concept that has made a huge difference for you? Share your insights in the comments!
Happy learning (the rich kind!),
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