THE GOAL OF TRADER DEVELOPMENT
It will always be true that most people fail at trading. Trader development is not about making everyone successful. It’s about maximizing each individual’s probability of success and potential upside.
When I ran the Chicago office at Trillium, most trainees still failed. Yet our success rate was roughly 30% - an extraordinary number by industry standards.
The goal in any performance endeavor, almost by definition, can never be 100% success. The goal is always to increase each trader’s expected value as much as possible by helping them develop better skills, better habits, & better decision-making.
That’s what great trader development actually is.
“If I see someone else succeeding, I think that if he can do it, why cant I?” @Tradestl
Those that succeed at trading don’t avoid struggle. They refuse to quit bc they recognize success is possible. And with intense effort, what is possible becomes probable over the long run.
Repeat after me…
I’m a profitable trader.
I’m disciplined.
I’m patient.
I’m built for this.
I’m the reason my family never struggles again.
I’m still here when everyone else quits.
I’m 8 figures in the making.
Say it every morning.