One of Shawn’s visions for The Apiary Fund was compiling a group of excellent traders who come from non-traditional backgrounds. He wanted the stay-at-home mom, the retired school teacher, and the ice cream man from Chicago to be able to develop their trading skills. As a result, the Apiary team put together a 12 week Trader Development Program: a course that helps trader’s practice concepts and strategies and to start showing consistency in a trader’s virtual account.
When I was younger, my parents gave me a violin and I immediately had dreams of performing in front of an entranced audience while playing masterfully on my gorgeous violin. I didn’t account for the fact that it takes years just to learn how to get the right bow stroke and coax a beautiful sound out of that screeching thing…or the fact that I’m most likely tone deaf. Anyone who has had the pleasure, or misfortune, of listening to a beginner violinist knows that the sound can be pretty rough. However, if you stick around to watch them practice runs, scales, and bowing techniques, you’ll be amazed at the progress they make.
Here’s a couple of tips that can help make the learning process a little easier:
Focus: Your time will be a lot more effective if you’re not distracted by other things. Put that prefrontal cortex of yours to good use by eliminating emotional and sensory distractions. Have a set amount of time where you make a conscious effort to only focus on trading.
Set Goals: By having reasonable and measurable goals you’ll feel more motivated to trade. If you can see the progress that you’re making it’s easier to put a more sincere effort into trading.
Repetition: One of the worst feelings is the drop in your stomach when you realize you’re not as prepared as you should be. One of the first investments we should learn to make is to invest our time in things that will become valuable (and trust us, knowledge is the most dependable resource).
Don’t Settle For Mistakes: You’ve heard the phrase, “Practice makes perfect,” but a new phrase is becoming more popular: “practice makes permanent.” None of us are perfect so we shouldn’t let mistakes get us down but actively look for ways to improve performance and cut down on errors.
The learning process is an incredible thing. We practice basic techniques and drills, and because of that practice we develop new skills and knowledge. Learning how to trade takes practice–it is not going to happen overnight. Through the Trader Development Program, you can practice the runs and scales of trading and be better prepared to succeed in the markets. Anyone has the ability to learn how to trade, and The Apiary Fund is cheering you on!