First of all, I would like to thank everyone for their continued support in 2015. It has been a year characterized by a lot of choppy trading but that still offered plenty on interesting opportunities for humble students of the markets. Furthermore, we have also seen the whole 50Scouts/Darwinex Movement keeping up a great pace, so all in all, we really can’t complain. We are confident that we can keep the momentum going in 2016.
If you are still looking for the right path in your trading journey remember that, as far as we are concerned, it’s all about the basics, being realistic with your expectations, putting yourself in a condition to succeed and staying focused on the right track. Very simple really but not always easy to put into practice, as most of you know. I really can’t stress enough how important it is to stay grounded, realistic and focused on the task at hand. Stay away from distracting/negative influences, construct your own positive ecosystem and remember to treat others the way you would like them to treat you. We detailed a list of key points/thoughts to keep in mind in one of our most read posts this year, you might want to check it out: Friday Musings.
As we have discussed before, it is very difficult to come up with new content/concepts simply because most of the things you need to know and focus on are quite basic. Many traders fall into the trap of not sticking with something long enough to give it a chance of working or dismiss their own shortcomings and prefer to blame something/someone else for sub-par performance. Again, the mechanics or trading are fairly simple but the implementation is the hard part; not due to the physical implementation itself but due to self-sabotage. The latter usually shows up in the form of trading too big, breaking set rules, deviating from the plan and so on… rest assured, these are issues everyone is confronted with, the difference is that some manage to keep them in check and continue to work on tackling them instead of turning a blind eye and continuing to repeat them; operating in complete denial. Remember that it doesn’t have to be that way, you and only you have the power make the decision to change.
For all of the new followers, don’t hesitate to explore all of the free content on the blog. The interviews could be a very interesting place to start to help put the business of trading into context and to give you an idea of what to look for in terms of realistic expectations. There is a lot of content there for those that are willing to take the time to explore.
Keep in mind that the current geo-political environment and the shifting interest rate cycle should give us plenty to focus on next year with yet another set of dynamics in an ever-changing context. We are really looking forwards to it and are fired up, ready to try and take advantage of as many opportunities as we are presented with.
Health and Wealth to all for 2016!
Thank you once again,