Copying successful traders

There are three main factors for copying success:

1. psychological attitudes,
2. mental states,
3. thinking strategies.

transaction copying

If you try to copy the ways of using the best traders of these three factors in all aspects of the trading task, then the results they produce can also be replicated. Here's an example from another field: most martial artists believe that you can break a board with your bare hand only after years of training. I once watched for about fifteen minutes how to do it, after which I broke two pine boards about a centimeter thick each with my bare hand, having no previous experience in such matters. I even taught it to my son (he was ten at the time). Such is the real power of modeling.

The fact is that the skill of most experts in their field subconsciously. They are excellent at their tasks because they perform them automatically, without including awareness of their actions in the action. In fact, professionals rely only on signals from the brain, which processes the information they receive and, bypassing awareness of what is going on, sends signals to execute. Sometimes we say "doing on reflex," which is exactly what we're talking about.

For example, most people are good at driving. But they do not even think about what they are doing while behind the wheel. Therefore, they often cannot explain how they make decisions in a given moment, and therefore cannot teach their skill to another. He can tell the basics, what lies on the surface, but very much of the most important things will be left out, because the master does not even realize it.

A similar situation often occurs in trading. Traders who have been trading professionally for many years will easily tell you about their strategy, but if you look closely at the history of their deals, you will probably find discrepancies in placing pending orders, in early closing of deals, and so on. In this case, the explanation will be something like "well, that's the situation". The trader may not even understand why he/she has closed, because his/her brain has calculated everything and has given the necessary decision.

If you want to learn how to trade If you have a professional, make sure you study the history of his trades for a long time, sit with him more often during working hours and observe him. This will give you a great experience, which you can't get in lectures and books.

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