9/9/25 - This series of posts has particular relevance for those struggling with their trading and those who are ready to take their limited success to the next level of performance. It also has personal relevance, as I will be rebuilding my trading approach and process from the ground up--and will document each of my steps through my blog posts. The idea is to help traders use their setbacks as opportunities to create success.
One of the first topics I tackled in my first book was manufacturing cars and trading success. The example I gave was of U.S. car makers who ran assembly lines at a speed that would ensure that flaws would not occur. That was contrasted with Japanese auto makers who intentionally sped up their assembly lines until problems occurred. Then they jumped at the opportunity to correct the flaws and run the whole process faster.
For the innovative automakers, things falling apart were a step in success.
If things have fallen apart in your trading--or if you have fallen short of your goals and potential--the idea is to embrace the lessons of your experience and use those to remake what you do.
The first step in (re) building your trading career is conducting a careful assessment of what you've been doing and an equally careful assessment of where opportunity can be found. That will be the focus of the next post. Along the way, I'll be sharing my lessons and helping you extract your own. Let's go!
Brett Steenbarger, Ph.D
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