Trading is a lifelong journey, frankly, if you ask me. Okay?

Even if you become profitable and proficient, let’s say one year down the road, two years down the road, doesn’t mean that you can just continue to just blindly apply what you do and expect to make money consistently for the next 10 years, 20 years.

It’s not going to happen that way because market conditions will change.

Right now, we are in a bullish market, generally. It could turn into a bearish market next year. Then when we are in a bearish market, the kind of trading decision you make is going to be different from what you are doing in a bullish market, right?

There is always opportunity to learn to become better in a bullish market, in an uncertain market, in a bearish market.

Generally, if you have not gone through an entire cycle of bullish, neutral, to bearish, to neutral, and back to bullish again, you have not gone through one entire cycle, you can’t say that you have become a proficient trader, honestly, because you need to go through this entire cycle, at least one cycle, to know what are the important things you need to look out for during any of these cycles.

Generally, if you take a look at what has happened in the past, one cycle takes at least about 10 years or more in order for you to have a chance to go through one entire bull/bear cycle. Okay?

So which means that before you reach 10 years, you probably have not gone through enough to be able to tell yourself that “I’m already a proficient and profitable trader,” which means these few consecutive losing trades is just something that you will have to go through. So don’t feel so bad about it.

Interested to receive mentorship opportunities like this with Philip?

Find out more at traderwave.com/innercircle

Philip Teo

Founder & CEO at Traderwave Pte Ltd
Philip Teo is an entrepreneur, speaker and trading coach who specialises in the field of Technical Analysis of the financial markets. He is currently the Founder and CEO of Traderwave Pte Ltd, a financial technology company that offers a web charting application to global traders. He has conducted many trading seminars and appeared on national television before. He is also currently an official speaker and trainer with SGX Academy. Learn more about him at his Google+ Profile, LinkedIn Profile and Facebook Profile

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