Practice Makes… You Know…

A lot of old adages are silly when you really think about them:

“He who hesitates is lost.” Well, not if he’s looking both ways at a train crossing.

“When dew is on the grass, no rain will come to pass.” Really? Is that true? (Scientist friends, help me out).

“The journey of a thousand miles begins with a single step.” What if you’re in a car!?

But there is one old adage that is true all the time:

Practice makes perfect.

And that’s as true about trading as it is about anything else.

Practice Trading is Still Trading

People like to make fun of practice trading.

They say it doesn’t count, that it doesn’t capture the pressures and realities of real trading.

How dumb is that?

When Tom Brady drops back in practice, do you think he feels as much pressure as when he’s taking a snap in the Super Bowl?

Of course not. But he still gets his practice reps in. Why? Because practice makes perfect.

As a trader, of course, practice isn’t “the same” as real trading. But guess what? If you’re trading imaginary money, you can’t LOSE it.

So practice. Practice to your heart’s content. And then. once you’ve practiced… practice some more!

Even if you’ve traded for years, there’s nothing wrong with testing strategies. More practice is never a bad thing. So stop thinking the opposite. Because that’s silly.

Practice makes perfect.

Rob Booker

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