Olympic champions usually have three coaches throughout their careers. The last coach typically takes a semi-pro athlete and fine-tunes them; this coach is often a former Olympic athlete. The second coach teaches everything in detail about the game or activity and essentially “raises” the athlete. The first coach, often just a good guy from the neighborhood, plays a critical role that can’t be overvalued—they make the athlete fall in love with the activity at a very deep level. Without this, an athlete wouldn’t sustain the motivation needed to become an Olympic champion in the future.
It’s challenging to guide a novice trader in building their trading training process because overloading a beginner with tasks may cause them to lose interest. But without a solid framework, trading can easily become gambling. Start paper trading and test your ideas, execute trades, chat with your peers about them, and have fun. But remember, you need to build a sustainable process that allows you to grow as a trader and adapt to constantly changing market conditions. Below are essential tips from pro traders and coaches to help novice traders build their own trading training framework:
- Growth mindset
- Preparation & Hard work
- Plan & Patience
- Discipline
- Journal
- Visualization
- Best movers & Playbook trade
- Technology
- Personal development
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