If to ask trading experts, they can depict characteristics of the ideal trader as follows: intuitive, but logical and objective; spontaneous, but also disciplined; assured and opened for criticism. People can be inherent traders, if they have these qualities by nature. Do you believe that it is possible to be born as a trader? Or do you consider, that it is possible to teach the majority of people to trading if to spend enough time and forces for training? Irrespective of your thoughts, your opinion can vary about it how you approach to studying of trading and how much you are tolerant to trading costs.
Psychologist Carol Dweck has spent some researches showing that our assumptions of certain ability, for example, concerning skills of trade, powerfully influence our interpretation of events and reaction to them. The person, who believes that people are born as traders, concerns the first group. Such belief involves essential consequences. If someone is convinced that he is inherent trader, he puts to himself the high efficiency purposes. It occurs subconsciously. People who believe that they have natural propensity to trade, try to take advantage of the talents. If you would be the virtuoso, you, probably, also would use the skills and would reach the higher results. Such way of thinking works perfectly, when it is realized one profitable transaction after another, bringing huge incomes. Expectations prove to be true and to shake them it is required substantial losses. In such situation it seems that you just cannot make something wrong, it occurs a belief in natural abilities to trading. But, unfortunately, market conditions changes, and you haven’t constant profits any more. When it occurs, results of work cease to correspond to representation about themselves, as about inherent traders.
Much more correctly to consider abilities to trading, as something what you can learn. In other words, it is more useful to believe that people are not born as traders. When we consider trade as discipline, which you can learn with the help of practice and efforts, failures are seemed only as an objective feedback, but not as an estimation of the natural ability to trading. Such people are not anxious by obligatory achievement of the purposes of high efficiency; they concentrate only on process of development of the skills. Despite of failures, which they face, they continue to go persistently forward. They believe that finally they can develop high level of skill, but for now they concentrate on process of studying of trading, and accumulate experience as soon as it is possible.
Are there inherent traders? It is a disputable question. It is not useful to believe that there are inherent traders. Such belief will bring more harm, than advantage. It is much better to believe that any person can learn to trade, if will make sufficient efforts. Believing that you can master trading with the help of practice and experience, you show persistence, even when you face failures. And, eventually, you will develop skills of consistently profitable trader.
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