Most people go through a long and winding journey before finally achieving consistency and becoming real traders.

Initially, they learn trading methods from others, attracted by unproven claims. Such as claims that certain strategies are easy to use, have high probability, and provide frequent trading opportunities.

Generally, they believe these claims without question and use these methods blindly. Due to their high confidence in these claims, they even dare to take significant risks in their trades.

When they experience losses, they lose significant amounts of money and feel that the strategy can no longer be used. Eventually, they search for new trading methods to replace what they consider no longer working well.

After finding a new method, the same cycle repeats. They again choose methods based on excessive and unproven claims. They trust these claims without verification and use the methods without examining whether they are truly beneficial or quite the opposite.

Based on this trust, they don't hesitate to risk large amounts of money, hoping to generate fantastic profits, considering that their strategy is claimed to be excellent with high probability.

When they experience losses, especially when losing large amounts of money, they again feel something is wrong with their method. They assume the strategy no longer works, so they need to find a new one.

This cycle repeats continuously, causing many traders to lose substantial money and valuable time. That's why we often hear experiences from popular traders on social media that most of them suffered huge losses in the past, which even after becoming consistently profitable, their profits still cannot cover their total past losses.

These stories from popular traders are so common that many people secretly conclude that to achieve consistency as a trader, they cannot escape big losses. Without experiencing them, reaching that level would be impossible.

As a result, people start accepting when they're trapped in this cycle and don't try to escape. Consequently, many are forced to quit because they run out of money before they can become consistent traders.

Shortcut to Becoming a Real Trader

The belief that someone needs to experience this cycle or suffer significant losses to become a consistent trader isn't entirely wrong. These experiences fundamentally provide valuable lessons.

The problem is that each person's comprehension ability differs. Some people are smart enough to quickly understand their mistakes and how to fix them, allowing them to escape the cycle rapidly. Meanwhile, others aren't as quick, requiring more time before realizing their mistakes. Unfortunately, many of these "less smart" individuals also lack patience or resources, forcing them to give up before learning from their mistakes.

However, while this belief isn't entirely wrong, it shouldn't be used as a guideline for aspiring traders. The failure rate for becoming a trader is much higher when following this path. Only those who are smart enough, with sufficient money and patience, have a real chance of becoming traders through this method.

Instead, there's a better and faster way to become a real trader. This is actually the most conventional, cheapest, and safest way to become a trader. However, people generally don't like it because it's too boring, exhausting, and requires high dedication.

The first step begins with finding a trading method you want to use. You can choose someone else's method, traditional patterns from books or the internet, or even create your own method. You can also choose methods claimed to have high probability, capable of generating thousands of dollars in a few days, and so on.

The key is not to trust these methods blindly, whether they're self-created, from others, from books, or claimed to have good performance. You need to prove their effectiveness yourself before actually using them.

The next step is proving the performance of these methods. The fastest and easiest way is through manual backtesting. Simulate using these methods on past market movements and record important data related to the simulated method's performance.

This important data includes total trades, average trades per period, win and loss rates, average holding period, maximum drawdown, maximum consecutive losses and profits, and best and worst trades. Also, if you consider it important, you can add notes for other data, such as average profit and loss, most profit and loss, most consecutive profits and losses.

This data is crucial, not just to show the performance of your simulated method. Furthermore, you can use this data as a reference when you encounter certain situations in real trading.

For example, when you experience 10 consecutive losses, if you don't know the max consecutive losses of your method, you might immediately conclude that 10 consecutive losses are abnormal. And right then, you might switch to another trading method, which isn't necessarily better than your previous one.

However, if you know your trading method's max consecutive loss data, you have a reference to judge whether 10 losses are normal or abnormal. If your method's max consecutive loss is 15 times in a row, then 10 consecutive losses isn't strange, let alone reason enough to replace the method with another.

After proving that a trading method's performance is good enough and you have important data about the method, you can start the next step: implementing the method in trading. As a start, it's better to try demo trading first to help you adapt to the new method. After getting comfortable enough, you can switch to real trading.

Compared to being trapped for a long time in a costly cycle that gives you a greater chance of failing to become a real trader, it's better to choose a shorter and more convincing path. Moreover, this way is safer, even if you have very limited funds.

If you are highly dedicated and disciplined, it won't be difficult or take long until you find a good trading method, implement it in trading, and generate consistent profits.

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The Fastest Way to Become a Real Trader