Kardec Trader says new traders should spend 1-2 years learning the market instead of chasing quick profits. Rushing to profitability creates pressure that leads to bad trades. Focus on finding your edge, understanding market behavior, and managing your emotions first.
You're starting out or you're having a difficult time trading, get rid of the I need to be profitable in one month, I need to be profitable in two years. Go and flip it and say, you know what? I'm going to give myself two years and I'm going to give myself proper two years of focusing on the market, focusing on what I need to do. And in those two years, or let's just say one year, I'm not focused on making money. I'm not focused on being profitable. I'm focused on becoming a better trader. I'm focused on identifying an edge, focused on identifying what works for me. I'm focused on understanding and learning about the market, learning more about myself. Myself, what works for me. How do I respond to a losing day? How do I respond to a winning day? So my goal is to understand these things. Year one instead of year one, I want to try to make money, or year one, I want to make X amount of money. That should not be the goal. And I see when traders create that pressure for themselves, they have a really difficult time on being profitable or even just staying alive because that pressure builds and it makes them put on trades or take trades that they shouldn't really be taking.
