{"id":38412,"date":"2014-07-25T00:15:34","date_gmt":"2014-07-25T04:15:34","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=38412"},"modified":"2014-07-24T22:10:32","modified_gmt":"2014-07-25T02:10:32","slug":"training-for-trading-success","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/training-for-trading-success","title":{"rendered":"Training for Trading Success"},"content":{"rendered":"

Think back to the last time you experienced the opportunity to watch a world class performer, someone who really put on an amazing show. It doesn\u2019t matter whether it was a musician, a sports athlete, an actress, a doctor or a business owner. When you see one of these performers in action, you can\u2019t help but admire their skills. It truly is a work of art. And it makes me wonder, \u201cHow many hours, days, years or even decades of practice and performances did it take to be able to perform at that level?\u201d How many times have they tried to master their skills and failed before they finally got it right?\u201d And more importantly \u201chow many hours each week do they continually practice to keep performing at that level?\u201d<\/p>\n

If you\u2019ve ever read a biography about a top performer, you will quickly realize that their fame and fortune was the result of years of hard work and failure which, through persistence, eventually led to success. And you\u2019ll also realize that keeping that success requires continual practice and repeated failures as well.<\/p>\n

The simple fact is that every performer who is at the top of his field is there for a reason, and that reason is because they were willing to put in more time and effort in developing their skills than the majority of others in that field. And then they continually practiced and honed their skills to stay there.<\/p>\n

For example, if you look at a top football player like Peyton Manning, he didn\u2019t just \u201chappen to become\u201d one of the best players in the NFL by simply showing up for football games. He spent countless hours over many years practicing drills, fighting injuries, pushing through failure and learning from his coaches. And he knows through experience that you don\u2019t just learn to play football and then you\u2019re done. He knows that he won\u2019t stay a top player for long by just 10 to 20 games during the season. He knows that he needs to continually practice and be coached to stay at his current level or he\u2019ll quickly fall off the leader board and go back to average. Therefore he continues to practice and hone his skills daily, outside the game, to keep performing his best.<\/p>\n

Let\u2019s apply this to trading. Do you know that if you were to make 30% per year of a portfolio on a somewhat consistent basis, then you would be among the top traders in the world? Some people don\u2019t even think that\u2019s possible. It\u2019s well documented that an \u201caverage\u201d trader is a losing trader and many professional hedge funds struggle just to keep up with the S+P 500. Therefore, if your goal is anywhere near the 30% range or more, then your goal is to become a world class trader.<\/p>\n

To become a world class trader, you need to expect the same challenges any world class performer would face. You\u2019re not just going to buy some course or take some classes and be able to perform at a high level consistently. Sure you may have a period of time where you get lucky for a while but eventually your results will drop to your skill level.<\/p>\n

Let\u2019s face it, you don\u2019t just \u201chappen to become\u201d a top trader. It takes many hours over a period of years practicing drills, fighting well established mental habits, pushing through failure and learning from coaches. And when you finally do get yourself to \u201cworld class\u201d level, it will take more than \u201cshowing up for the game\u201d to stay there. You\u2019ll need to do more than put on trades. You\u2019ll need to continually back trade, paper trade, plan and learn from coaches to keep your performance from falling back to average.<\/p>\n

If this sounds like a lot of work, it is. Trading can be an extremely rewarding occupation both financially and mentally. At the same time trading is psychologically demanding and takes continued practice and discipline to deal with the uncertainty and failures that are necessary to perform your best. The proper information combined with a great coach can certainly make the process a lot quicker and is often the difference between a winning trader and a loser.<\/p>\n

If you\u2019re willing to put in the work, I\u2019m here to help you become a winner! Click here to learn about our One on One Coaching and Trading Triangle Programs<\/a> and I\u2019ll see you at the top!<\/p>\n

John Locke<\/p>\n

Risk Disclosure<\/a><\/p>\n

No relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

Think back to the last time you experienced the opportunity to watch a world class performer, someone who really put on an amazing show. It doesn\u2019t matter whether it was a musician, a sports athlete, an actress, a doctor or a business owner. When you see one of these performers in action, you can\u2019t help but admire their skills. It … Read More<\/a><\/p>\n","protected":false},"author":1040,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,3926,1373,455,15],"tags":[778,2038,4009,1453,4010,1543,38],"class_list":["post-38412","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","category-john-locke-3","category-trading-lesson","category-trading_psychology","category-trading_theory","tag-goals","tag-john-locke","tag-properly","tag-psychology","tag-setting","tag-stress","tag-trading","no-post-thumbnail"],"yoast_head":"\nTraining for Trading Success | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/training-for-trading-success\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Training for Trading Success | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Think back to the last time you experienced the opportunity to watch a world class performer, someone who really put on an amazing show. 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