When someone has the same goals as you and they are achieving them consistently, you would do well to “imitate” their strategy because they are proving by their results that the strategy works. Of course, trading is no different. In fact, as a trader, one of the ways to shore up your abilities and skills is to have a role model or mentor. This would be someone that you have identified who is already a proficient trader and solicit their guidance. One of the great supportive programs of Online Trading Academy is that they have the Extended Learning Track courses that guides the student through trading strategies and lessons where they can “see” the instructor as he/she leads them through potential trades and as well the potential pitfalls that can wreak havoc in the trades. This student/instructor relationship can really propel the hard working student into getting the results that they want, consistently; and as well they can glean important behavioral nuances too. Another way to describe imitating someone and making their strategy for getting results yours…is modeling.
Modeling is an extremely proficient way to break down or “code” what you see as a role model’s or mentors successful actions. As the saying goes, if someone can do it, anyone can learn it. Modeling is a state of curiosity and selflessness. It is a desire to listen to, watch, respect, and learn from others as well as yourself. Modeling is an interest in process over content. Process or the “how” something is done is arguably more important than content or the “what.” The process is where skill is focused to create the end result. There are countless ways to do anything, but there are ways that are extremely effective and there are time-and-energy wasters that might get you to the same result … eventually. Modeling can take many forms. Some of your most fundamental skills have been acquired through modeling others. Babies and young children are expert modelers. Only when they start learning by more traditional methods do they begin to lose this skill.
You can model anything as you identify the mastery in someone who does well the thing that you want to capture; for instance:
Motivation to keep your personal commitments
Influence
Achieving a personal best
Listening
Networking
Equally, you can model excellence in your ability… Continue Reading
