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Showing content with the highest reputation on 09/02/2021 in all areas

  1. 1 point
    Hi all - A while back I ran a survey to learn from traders of various experience levels what they believe is important to their development. Then Covid hit, which had a big impact on my personal and professional life, and this project was shoved to the back burner. More recently, I found time to compile survey responses, some of which I’m sharing here (as promised when I ran the survey). The survey gathered results from two separate trading communities. About 70% of responses came from traders with < 3 yrs total experience, and a strong majority of respondents (90%) focus on the intraday timeframe. Regarding the former point, I suspect this is representative of the trading population at large, though I lack empirical evidence to say so definitively, The survey was a starting point to understand what’s important to traders based on experience level. I don’t drill down into this in the attached slides, which provide a broader summary. In short, respondents to the survey: - Believe Trading system / Strategy and Screentime are most important to the process of improving as a trader (slides 4 and 5) - 76% of respondent keep a trade journal (slide 6), and 77% of these traders journal most trades (slide 7) Overall, given the slant towards lesser experience amongst respondents, the biases evident in the responses are logical. It’s my belief that new trades default to what’s most material when trying to make sense of markets. In other words, and to paraphrase a former BBTer: you can teach trading patterns to a squirrel, but trading is 90% mental, which cannot be taught. I started this project because I’m very interested in understanding how traders create improvement and consistency. If anyone reading this is open to participating in an interview about this, please DM me. Otherwise, comments / questions on the survey are welcomed. Trader_Survery_Results.pdf
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