The Traders Journal

How the Markets Have Changed Me Over the Past 25 Years: Part I

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ImagesAs I’ve revisited my trading journals from many years ago, I’ve come to realize what an unbelievable transformative journey it has been from part-time investor to full-time trader.  I am somewhat startled by the personal evolution I’ve undergone with respect to both the markets and my personal life.  I can’t help but feel I’ve become a significantly improved version of the person I used to be and I’m pleased with that.  I thought I’d try to articulate to you just a few of those changes.

 


  1. The markets taught me not to be afraid of being wrong.  It became more important to stop being wrong than remain in a position while in some artificial personal comfort zone.  This yielded the added benefit of making me more fearless to invest in earlier market moves knowing I could and would pull the trigger to exit as demanded.
  2. The market is an arena of ever shifting winds.  Being willing and capable of changing accordingly with these shifts as they occurred became an essential and necessary prerequisite for success.
  3. The markets transformed me from being just a curious investor to becoming a student of the markets who was willing to delve deeper into understanding its mysteries.  Thanks to its lessons, I’ve become a lifelong learner in many other aspects of my life.
  4. Trading the markets has been a wonderful training ground for learning to think on my feet and to act decisively upon that learning with respect to market activities as well as life in general.
  5. The markets have taught me to be a better listener.  I’ve learned to listen carefully to both the markets and people before expressing myself.
  6. The markets will humble everyone regardless of your IQ.  The sooner you embrace a personal humbleness towards the markets, the sooner profits will flow.
  7. At first, I found the markets to be like an oversized version of the all-you-can-eat dinner buffet.  But over time, I gravitated to a healthier focus on just a select group of food groups (equities) I could reasonably digest.  For myself, narrowing my focus was the appropriate course.
  8. I’ve learned to take calculated risks, embrace probabilities, accept inevitable failure with humility, yet remain resilient and optimistic about executing my next trade with a fresh inspired zest unburdened as much as possible by previous losses.
  9. The markets taught me that becoming deeply and actively involved in my investing efforts on multiple fronts simultaneously made a big difference in my results.  Commitment does matter.

Trade well; trade with discipline!
-- Gatis Roze

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Gatis Roze
About the authors: , CMT, holds an MBA from the Stanford Graduate School of Business and is a past president of the Technical Securities Analysts Association (TSAA). He is also the co-author of Tensile Trading: The 10 Essential Stages of Stock Market Mastery (Wiley, 2016). A full-time investor for over 25 years, Gatis has taught sold-out investment courses throughout the Pacific Northwest and beyond since 2000. Learn More

Grayson Roze
is the author of Trading for Dummies (Wiley, 2017) and Tensile Trading: The 10 Essential Stages of Stock Market Mastery (Wiley, 2016). He has worked in the financial services industry for StockCharts.com since 2012, and now serves as the Business Manager for the company. He holds a Bachelor's degree from Swarthmore College. Learn More
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