A short YouTube monologue (Kardec Trader) advising traders to choose or adapt trading strategies that match their personality rather than blindly copying others. The speaker recommends studying other traders to borrow ideas, then building a personalized playbook and selecting trading methods that fit one’s temperament to find an edge in the market.
Chapters
Your job as a trader is to identify strategies that fit within yourself, that fit within your personality, right? So I've seen traders that try to scalp and they don't have the personality to maybe be a scalper or to be quick on their feet. They go into the markets, they replicate strategies from other people that see on YouTube, Instagram, Twitter, and they're like, I want to trade exactly how this person trades. It's a good approach of learning and understanding, but if you want to really excel, you have to take big bits and bits of pieces from other traders, understand what they're trading, how they're trading, and then kind of build your own playbook and understand that, hey, this is my personal approach to the market. This is my personal way of approaching things in general. And this is my personality. And based on my personality, these are the trading methods that I think fit best with me. And this is the edge or this is the approach I want to take on the market.