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  5. year one trading retrospective - what I actually learned vs what I thought I would learn

year one trading retrospective - what I actually learned vs what I thought I would learn

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  • A Offline
    A Offline
    aaronm
    wrote on last edited by
    #1

    just hit 12 months of live trading. want to write a proper retrospective because i've seen a few others do it and they helped me when i was starting. fair warning: this is not a 'i made it' post. this is a 'here's what actually happened' post.

    net result: down about 8% on a small account. the losses hurt but not catastrophic. here's what i actually learned.

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    • A Offline
      A Offline
      astroshade
      wrote on last edited by
      #2

      down 8% after year one, honest about it, learned enough to write this coherently - that's a better outcome than most. the traders who blow up in year one and quit or the ones who get lucky and think they figured it out both leave without the real foundation. you have losses and lessons, which is the actual curriculum.

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      • O Offline
        O Offline
        oliver_s
        wrote on last edited by
        #3

        what's the thing you thought you'd learn but didn't, and the thing you didn't expect to learn but did?

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        • N Offline
          N Offline
          northlight
          wrote on last edited by
          #4

          thought i'd learn which indicators to use. what i actually learned: i was using indicators wrong because i was using them as certainty machines instead of probability tools. thought i'd get better at prediction. what i actually learned: i needed to get better at responding to what was actually happening, not predicting it. completely opposite direction.

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          • C Offline
            C Offline
            Chris
            wrote on last edited by
            #5

            the 'responding vs predicting' shift is the most important insight in trading and most people take 2-3 years to genuinely internalize it. the fact you've got it at 12 months is significant. most first year retrospectives are still about finding the right strategy. yours is about the right mental model. that's the bigger win.

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            • H Offline
              H Offline
              Hudson
              wrote on last edited by
              #6

              down 8% with that level of self-awareness puts you ahead of most second and third year traders financially and intellectually. the 8% tuition bought you something more valuable than most trading courses would have. continue journaling, continue the honest retrospectives.

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              • M Offline
                M Offline
                Michael
                wrote on last edited by
                #7

                what's the one thing you'd tell yourself at the start of year one, knowing what you know now?

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                • P Offline
                  P Offline
                  parkerlee
                  wrote on last edited by
                  #8

                  trade smaller than you think you need to for twice as long as feels comfortable. the account size doesn't matter as much as the period of consistent process-over-outcome focus. i spent 6 months trying to 'make up' for early losses with bigger size. the second 6 months with small consistent sizing taught me more and cost me less.

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                  • N Offline
                    N Offline
                    Nicholas
                    wrote on last edited by
                    #9

                    thanks for the honest retrospective. down 8% with good lessons > up 30% with no idea why.

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