Someone in TradeSpace asked me this week, “how has your trading been since you’ve been in Puerto Rico?” I paused for a second and thought about how to respond appropriately. Although I’m not a profitable trader yet, I have exponentially shortened many of the trials and errors I would have gone through if I were still working in the Army and trading.
Ronchero and other members in the Trading the Post room set the example for how professionally traders look at the markets every day. Some might think that all of the traders in Trading the Post are trading the same tickers and looking at everything the same way, but they are not.
What do I mean when I say I have “shortened a lot of trials and errors?” I have encountered countless traders between TradeSpace and Trading the Post room and had the opportunity to pick their brains on how they view trading. Their openness and perspective on trading always offer unique tips and tricks that I can implement to develop my trading style.
As mentioned in my week ten entry, I recently reached out to Ronchero to discuss the issues I was facing with my trading and how I could improve. Ronchero helped me break down the macro picture to the micro and how that mindset has to be developed before entering a trade. This week, I had my first trade that combined the skills I learned in the Trading the Post room. For a more detailed review of the trade, check out my analysis here!
Since I can follow the markets all day, I could turn to tape at essential levels and adjust my trade when it is most important…
I am not saying that I have figured out trading at all. However, this past week gave me a sniff of the mindset required to manage a trade and execute at the right time properly. Ronchero and other Trading the Post Room members are great soundboards for trade ideas and offer insights to levels they are looking for as the trade progresses.
Circling back to my original thought, “how has my trading been since I have been in Puerto Rico?” I have had a priceless opportunity to be surrounded by professional traders, some of which have become mentors and make mistakes in a shorter amount of time with others around to provide guidance.
Trading can be a frustrating endeavor in the early stages when trying to understand sizing, time horizons, and execution. However, when you stick to being an evolving student and use your resources to improve, small wins feel like large victories.