The common phenomenon that I call “systemic trading blindness” is one of the biggest obstacles to long-term trading success and one of the key reasons why so many system traders fail.
It usually manifests itself in 3 stages, and the last one is the most difficult to overcome.
Let me explain this phenomenon and 3 stages with a short story from my own life.
Since childhood I have been wearing glasses, and even then they are quite strong (+5 diopters). This means that I cannot survive without them.
A year ago, I realized that I didn’t like wearing them anymore, so I read several books on self-healing vision and started practicing daily meditations (mainly focused on visualizing clear vision) and daily eye exercises.
In about 6 weeks, I went from 5 diopters to about 2 diopters.
I call this experience “stage one”:
Significant results in a very short time.
In trading, we all want this, right? Many of us were fortunate enough to start trading well and make good money in a short time.
But this is extremely dangerous …
Because it often makes us proud and ignorant.
As with my glasses:
After the quick results, I began to think that I understood everything, that I am a genius with additional human abilities (many novice traders think so too after their first few victories).
But then comes the “second stage”:
With all the pride and ignorance of achieving quick results, you stop working hard and stop developing. And the results are starting to change direction too.
This is exactly what happened to my vision: I stopped exercising, or at least significantly reduced my efforts, and no wonder my vision began to deteriorate again.
But my pride and ignorance remained: instead of increasing my efforts and working on the exercises to push my improvements to a new level, I became lazy and started looking for “quick fixes” such as faster exercise and meditation.
I started looking for the Holy Grail, refusing to make any new effort to achieve results.
No wonder my fight went on all year …
… and the same can happen with traders going through the second stage.
This stage is extremely unpleasant, painful, long and uncomfortable. Simply put, it really sucks.
Traders usually have two options at this stage:
1. Give up and start blaming everything and everyone (as many traders do), saying that it is impossible to consistently make money from trading, or
2. They can simply overcome their pride, stop looking for “quick fixes” that do not require effort, and return to hard work, which is the “third stage”.
… most traders never get to stage three.
They don’t want to put up with the fact that it takes hard work, a lot of thought and a lot of effort to become a permanent winner in the markets in the long term.
It’s easier to keep looking for the magic get-rich-quick trading system and then blame others if it doesn’t work as advertised.
However, a small percentage of traders will be wise enough to realize that they do not want to be blind traders forever.
They want to see clear and consistent results, how the markets actually function, and methods that can make money from them really consistently.
And that means doing your homework.
Just like I did with my eyes to improve my vision. Go back to the beginning and start working hard again on your vision, which is finally starting to show real progress after I wasted a whole year in search of a “quick fix” for the Holy Grail.
So if you are still not getting the trading results you want, go ahead. Put in all the hard work and concentrated effort you can, and with perseverance, you can see the best results very soon!