For Business

Trading Psychology

What to Expect From Your First Year

A first year of trading is an apprenticeship paid for in one-percent losses, and its product is the trader rather than the balance. This paper shows you the year in example figures, 220 days, 150 trades, twelve journals, four versions of the plan; the idea as an apprentice's first year at the bench, where the pieces are not for sale; the year as a trail with four camps, each a thing that can be said to have happened; what the year is not, as an empty pay packet; and the first and last rows of the year on your platform, graded by the Volume column rather than the Profit column.

Difficulty
Advanced
Reading time
5 min
Pages
8
Reviewed by
Saman Rahbar

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The year in figures

What a first year is made of, in things that can be counted, with these as example figures for a 10,000-dollar account. About 220 trading days and 150 trades the plan produced, each at one percent, 100 dollars at the stop. Twelve journals filled and four versions of the plan, each shorter than the last. Most of the habits on this shelf met by name, and each one paid for in a few one-percent losses. What the year produces is a plan with numbers in it, a shelf of journals, and a trader who keeps the size. The balance at the end is not the product. The product is the person who will trade the second year, and the size rule is what makes sure there is one.

An apprentice's bench

Picture an apprentice's bench in the first year. The tools are real and the wood is real, and the practice joint on the bench has been cut, checked, and cut again; nobody sells the first year's joints. The year is spent on the hands, and the hands are what is kept. A first year of trading is the bench year. The trades are real and the losses are real, at one percent, and the product is not the pieces. It is the apprentice, who at the end of the year can cut a joint that closes, which is to say keep a size, hold a stop and write a line, every time, without thinking about it.

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