An End to the Bull: Cut Through the Noise to Develop a Sustainable Trading Career

CONCLUSION

My aim with this book is twofold: to expose how the financial junk-food industry operates, and to explain the knowledge, techniques and mindset that are required of successful traders. As I stated at the start of the book, I don’t believe that everyone can be a successful trader — but that doesn’t mean we shouldn’t try. The important thing is to not put too much capital at risk during the learning process. There can be good rewards from trading over the long term but, of course, you need to make it to the long term — which means the ability to get through each day and week in the short term.

Unfortunately it’s very likely that much of what you have previously read or heard about trading has come from either the sell side or the financial junk-food industry or both. That is predominantly because these groups are better at selling themselves. Survivorship bias means that we don’t get to see the many traders who have quit the business or lost substantial amounts of money as a result of the junk-food brigade; you only get to see the few glowing testimonials that may or may not be real.

So I sincerely hope that the early chapters helped to show where you may be going wrong and/or why your existing beliefs and techniques may not be as reliable as you were told. Before we are able to move on we first need to understand what we are doing wrong.

The meat of the book has dealt with explaining the tools needed to build a sustainable trading career. Over time the knowledge and ...