Why I Share My Trading Mistakes: Unveiling the Real Motivations Beyond Transparency

Keep reading to discover how my mistakes help you to rapidly improve your trading, even without the need for 'Michael Jordan talent', luck, or good genes.

Question:

How do you reach a level of *precision in trading—like illustrated below—in a vastly shorter period than the 'norm' while leapfrogging them regarding earning ability?

Trading from a client who started with me in 2023. *Precision refers to your trade not going uncomfortably into the red.

It's all about the most potent improvement method known. But first, let's tackle a couple of key steps. Isn't it curious? Despite everyone making mistakes, we're still hesitant to share our own. Let's delve into that. Look at the numbers next to each person's name in the image below. For instance, 114 signifies the frequency of written feedback I've given on that individual's trading.

Client names are 'blurred' for privacy.

Consider this:

If you're receiving the same quantity of reviews on your trading from someone:

With extensive experience capable of spotting what you can't, and
Who's trading at the same time as your trades ensuring a deep understanding of underlying market conditions,

Can you see how transformation is achievable through personalised reviews?

How does that compare with courses that are solely information-based? You don't want more information. You want the implementation. Agree?

Returning to mistakes

By pointing out my mistakes during live trading sessions, you feel secure owning and embracing your mistakes, not just cherry-picking what you send me to review. The goal is your transformation, not trying to impress me.

But it goes deeper than that

When I make a mistake, it's an opportunity to illustrate what makes it a mistake. This process is precious for fostering a deep understanding of market dynamics. These 'explorations' are golden nuggets of wisdom. Make sense?

Each time I outline the steps to uncover why it was a mistake and how to rectify it moving forward, I'm mentoring you in the process of highly effective self-evaluation.

While others attribute it to "it was a mistake", digging deeper and identifying a workable solution is essential for driving real change.

Reflecting on those 114 reviews, as you evolve with my support over 9-12 months, you develop your ability to explore the 'why' and create forward-thinking solutions. Remember—there's more to be gained from errors than from wins. Wins show you what you know, while errors show you where to improve.

Confidence and self-belief

As I continually illustrate my mistakes and show how I can succeed despite them, it shatters any self-imposed limitations you might unknowingly impose on yourself.

It instils confidence that you can start the trading day with a 'D' grade and end it with a 'B+' or even an 'A.' That's the power of self-belief.

What I see is people enjoying their trading growth and finding fulfilment in the process of continual improvement. It's like an addictive drug that releases dopamine into your system, generating a sense of satisfaction. Does that make sense?

It builds confidence in your autonomy, affirming your ability to thrive and evolve as an independent trader. After all, trading is a confidence game, right?

Adam Fiske8 April 2024