Here’s why a trading room could be hindering your success as a day trader. I ran a trading room from 2010 to 2015 and had hundreds of traders pass through my online trading room. Each day I would present to the room trade ideas and live trade calls with entries, stops and targets. I honestly felt that I was helping traders so they could be successful. I personally have been trading my own method, the “Gap Edge Method,” since 2003. However, after running the room for five years I saw a lot of frustrated traders because very few could duplicate the calls I was making to them. It’s not that I didn’t give them enough time with the call to get into the trade. It’s purely that a trading room is mainly a hindrance to a trader’s personal development because trading is mostly intuitive and intuition is built from experience.
If you as a trader sit in an online trading room day after day and listen to someone making calls you are preventing yourself from building an inward foundation that could someday be your very own edge.
The missing link to your very success as a trader is you. You are the trading edge! Yes you heard me right. Trading is a one man show and it’s all about your personal development. If you’re not able to duplicate the success you so desire as a trader I highly recommend cancelling your trading room subscriptions, turn off the TV, and begin the journey of developing yourself as a trader. It isn’t an easy road, but it is worth it once you get there. Trading is truly a journey of introspection and that is why I closed my trading room in 2015. I highly recommend seeking out a mentor who can help you overcome any hurdles you may have as trader.
Remember you’re the key to your success as trader. You are the edge!
