#MyStrategyEvolution When a trader starts, it's common for their first strategy to be a mix of borrowed ideas, intuition, and a bit of luck. But as they gain experience, that initial strategy evolves. The evolution of the trading strategy is a continuous process of adaptation, learning, and improvement based on experience, results, and changes in the market.
How does a trading strategy evolve?
* Initial Phase: The "Apprentice" Strategy
* Characteristics: At first, the strategy tends to be basic and often borrowed from books, courses, or influencers. It may lack specific details about risk management or position sizing. Decisions are often influenced by the fear of missing out (FOMO) or impatience.
* Common mistakes: Lack of a solid plan, excessive risk, trading on emotion, overtrading, and not having a clear methodology for analyzing trades.
* Goal: Familiarize oneself with the platform, understand the basic movements of the market, and feel the dynamics of trading. Early losses are almost inevitable and are part of the learning process.
* Adaptation and Refinement Phase: The "Maturation"