I have been invited again to be one of the speaker at the Trader's Symposium this year. It's kind of challenging to find a topic to share with aspiring traders and motivate them when they can learn it from books and magazines.
What can I share with them in just half an hour?
What would they like to know?
I still have a few months to think about a topic to share and to deliver it honestly on something I have been doing for the past 25 years.
Traders need to be very flexible to adapt as the market condition keep changing with new and better players. My brother, one of the most consistent trader, took a tumble recently and he realised that the strategy he has been using is not working. His cash register suddenly stopped and need servicing.
He need adjustment to tackle the market. That's what makes trading so challenging, change is needed constantly to stay in the game. He managed to keep his losses small, that's what make him a rather good trader, I have great respect for him.
When you are a small fish in a big ocean, survival skill is vital.