Respect The Past, But Be Open To The Future
"Won't you be walking in your predecessors' footsteps? I surely will use the older path, but if I find a shorter and smoother way, I'll blaze a trail there. The ones who pioneered these paths aren't our masters, but our guides. Truth stands open to everyone, it hasn't been monopolized."
— Seneca, Moral Letters
Another interesting meditation today, which can be compared to trading.
I am a great believer in the proverb "If it ain't broke, don't fix it"
When I develop or come across strategies that work for me, I will stick to them because they are working as I hoped and anticipated.
However, sometimes potential strategies may need tweaking along the way and some simply just won't work for you.
I was only saying in yesterday's daily inspiration that sometimes you need a lightbulb moment, to move forward in your trading journey.
Respect the past and what may have worked for you, even if they produced mixed results over a period of time. These strategies can be tweaked and worked on. You must also be open to the future and embrace change. This doesn't mean you have to make wholesale changes and minor tweaks may be enough.
Don't be afraid to experiment with new ideas, just like I did when I flipped my trading style on it's head! That was a massive game changer for me, as I developed on my trading journey.
So be inventive and always be on the look out, to find yourself a trading edge.
It may be that you find your edge by trying out one of the various strategies that TTM has to offer. There are plenty to get your teeth into and try out, but all in good time. What I would say is try something and stick to it, to see if you are comfortable with it and you feel it can work for you. Trying to take on too many strategies too soon, can lead to confusion. So take your time; you need to be patient and disciplined, sticking to one strategy initially. The markets will always be there, when you are ready to try out a strategy.
Stick with it and don't give up; you've got this for sure!