The second situation I have found traders have and in that, I’m referring to myself as this is an ongoing in-time, real life, journey)  

is that mastering their trading strategy is belief. With all the different trading systems and strategies out there, how can you know if what you’re doing is “right” or if you’re strategy will work if you don’t have belief in it? Well, the answer to that question is that you can’t know that your strategy will work if you don’t believe in it. the only way a trader can gain belief in their strategy is to practice it and the key is you have to try it over a large enough series of trades to see it play out. 

“It’s a bit like martial art whilst training in the dojo repeating the karate kicks and one-inch punches over and over again next up to the wing jung dummy”.  

All traders need to ask themselves these two questions: Do I know my trading strategy inside and out? Am I at the point where I can flick through the charts in 5 or 10 minutes and instantly know if there’s a setup worth trading or not? If you can’t answer an honest “yes” to both of these questions then you aren’t ready to trade live and you have not mastered your trading strategy yet. 

A master trader needs to have completed at least three months of practicing their strategy over and over again in different market conditions. knowing when to deploy their strategy and when not to. Once a trader has complete belief in their strategy they will have the confidence to wait for their perfect set up and mastering their strategy will become as easy as riding a bike.

Here’s an example of a trader I once knew called Phillpe he was French and spoke with that suave accent. We were contacted at the time to trade this company’s client’s accounts and establish a client base from our trading results 40 bank st docklands. Phillphe went on to tell me of a lady trader where all she traded was a candle stick pattern called a pin bar (You have to say with the accent ) lol

Followed by 1 up bar, and that’s it that’s all she looked for and was very successful Nicking 10 to 25 ticks out of the market.

Mike another one of my mentors at orderflow trading.com gives some amazing insights into the real world of trading with an advantage. Mark Douglas who wrote the book The Disciplined Trader which should also be in every serious trader’s library has helped me tremendously and continues to do so.

In conclusion, discipline and belief are two main skills any trader must have to master their strategy and become successful. With these two attributes, a trader will have the ability to withstand any market noise, and any impulsive, trades gain full belief in their strategy and stick to their trading plan.

With an additional side note, all good strategies work at some point The trick its find the optimal times and cycles in which they work the best and give the best results and then repeat the process over and over again with each new cycle to find the pattern