The process of learning to trade is an ever-evolving process filled with successes and failures. I continue to learn from the people around me how they have found their way and what it took them to get there.
TradeSpace, PR – Always Learning
The time sure does fly by; the last three weeks have been a blink of the eye filled with a lot of lessons learned and new faces met. As I write this week’s reflection from my apartment, I’m constantly coming back to a clip from Ronchero's Q&A webinar this past week.
For those who have not heard of Ronchero, the lead educator in Trading the Post, he offers a weekly Q&A on Thursdays after the market closes. Before this week’s Q&A I sent him a personal message on the platform asking him about growing an account. I have placed over 75 opening and closing trades in the last three weeks; in the same period of time I have lost $200 in net liquidity…
I’m the type of learner who typically goes through phases: understanding what the problem is, being frustrated/paranoid I cannot figure out the solution, start to get an understanding, and eventually become proficient. Right now, with trading, I’m very much in the second phase where I obsess over finding solutions and trying to figure out how I can become profitable.
I told Ronchero exactly what I posted above; I have lost $200 in the last three weeks placing 150 total trades.
He immediately responded and asked how long I have been trading full-time, to which I responded, three weeks…
Ronchero was absolutely right, although I took the Sang Lucci Master Course over one year ago, it’s a much different game when you have the ability to see the market all day, on a daily basis. Rather than being frustrated over my lack of profitablility, I should be grateful I'm not learning through huge losses.
Ronchero went on to highlight the conversation in his weekly webinar, which gave me a much better understanding on the perspective I need to maintain this early in my career.
As I have mentioned before, from all the traders I have been fortunate enough to meet in TradeSpace there is a common trait: resilience. There are going to be periods of frustration and anger that require you to keep learning every day and being prepared for the next trade to come your way and execute them, as Ronchero mentions in the webinar.
Sang Lucci – Big Projects Coming
Within Sang Lucci, the Trading the Post team has set high goals in growing the room’s number of participants. The value that members get for Trading the Post highly exceeds the cost that they pay for the service. There are countless talented members in the Trading the Post community who are all willing to help any new trader who seeks their guidance. Additionally, Ronchero always makes himself available to those who send him personal messages.
The team and I are focused on continuing to publish valuable, succinct content on a daily basis to show potential traders the high-qualtiy type of community we are.
Having transitioned from the US Army to this role, I'm constantly relishing in the fact that Sang Lucci is so dynamic. The Army is such a large organization that has developed manuals for listerally any task a Soldier would need to complete. That is not an exaggeration; there are manuals that cover every task from learning to drive a vehicle to how to properly stretch.
Sang Lucci, on the other hand, is a versatile, adaptive organization that fosters a culture of new suggestions and perspectives. I've noticed those that bring ideas to the table will be met with consideration. As opposed to the Army, there is not much room for subjectivity.
There are a lot of exciting projects on the horizon and great content to keep pushing out. Check out to get an idea of what I’m talking about:
Joe’s Trading – Week 3 Recap:
As mentioned in the intro, I have remained incredibly flat since coming down to Puerto Rico and trading. As I rewatch the Sang Lucci Master Course content, ask questions to those around me, and gain experience trading I know I am progressing in the right direction. Yes, I’m still going to do stupid stuff, but I can continue to do less stupid things.
One of the things I’ve been focusing on is just pausing before placing a trade and asking the common sense question, does this make sense? Surprisingly enough, I’ll catch myself saying “no, this doesn’t make sense.”
The focus for the next week is continuing to ask the question above and focus on “Reading Tape,” which is the main skill the Sang Lucci Master Course intends to teaches.
- P/L for the Week: +$413.44
- Number of Trades: 62