Welcome Colorblind
The Spaces session discussed personal growth and development in trading, emphasizing the importance of understanding the process rather than focusing solely on outcomes. A key takeaway was the metaphor of being 'color blind' to the results, suggesting that traders should concentrate on their own processes and development rather than the profits or losses from individual trades. The conversation highlighted the importance of perseverance, self-discovery, and ignoring distractions from social media. Personal anecdotes were used to illustrate these points, conveying a message of independence and self-reliance in the journey of becoming a successful trader.
Overview of the Twitter Spaces Recording
The recording captures an in-depth conversation primarily between two speakers, revolving around personal reflections, trading experiences, and broader life lessons. Key themes include the journey of becoming a trader, personal growth, overcoming challenges, and philosophical musings about life and success.
Personal Reflections and Trading Insights
The speakers discuss the evolution of their perspectives over time, particularly in the context of trading.
Emotional Journey in Trading: One speaker shares their journey of dealing with back spasms and their final session on Twitter Spaces, highlighting how they wish they had recorded a particularly good session last week.
Romanticism of Trading: The analogy of trading being like receiving a love letter is explored. This metaphor describes the initial excitement and romanticism that new traders often feel, akin to receiving a love letter in school. Over time, the process of trading reveals itself to be more about commitment and enduring through ups and downs.
Process of Becoming a Trader: The importance of adhering to a process, maintaining focus, and understanding market dynamics is emphasized. The speakers underline the necessity of being 'colorblind'—the need to detach from the outcome, whether it's a gain ('in the black') or a loss ('in the red').
Dealing with Expectations and Jealousy
Social Media's Influence: They discuss the negative impact of social media on traders, stressing how it can distract from personal goals and foster jealousy and competition rather than focusing on one's trading process.
Community and Relationships: There is an exploration of community dynamics in trading—how people often look to others for validation or seek to emulate successful traders, but ultimately need to develop their own systems and approaches.
Philosophical Perspectives on Trading and Life
Detachment from Outcomes: The focus on being 'colorblind' to trading results is a philosophical approach that extends to life, advocating for a mindset that does not hinge on specific results but rather on the learning and growth that come from the process.
Self-Discovery and Vulnerability: The speakers reflect on the importance of humility, vulnerability, and self-discovery through trading. They liken the trading journey to trailblazing a path, often alone, and learning through mistakes.
Mentorship and Legacy: There's a discussion about the role of mentorship, with one speaker expressing a desire for their students to one day no longer need them—aiming for independence and mastery.
Conclusion
In summary, the conversation is both a retrospective on personal trading journeys and a broader narrative about learning and self-improvement. It encourages traders to focus on developing their own processes and remain unfazed by temporary setbacks. Ultimately, it offers a narrative of growth through courage and persistence, urging listeners to embrace the journey of trading with the metaphor of unfolding a love letter, full of potential and discovery.