Imitation Is Your Key To Trading Success

When someone has the same goals as you and they are achieving them consistently, you would do well to “imitate” their strategy because they are proving by their results that the strategy works. Of course, trading is no different. In fact, as a trader, one of the ways to shore up your abilities and skills is to have a role model or mentor. This would be someone that you have identified who is already a proficient trader and solicit their guidance. Another way to describe imitating someone and making their strategy for getting results yours…is modeling.

Modeling is an extremely proficient way to break down or “code” what you see as a role model’s or mentors successful actions. As the saying goes, if someone can do it, anyone can learn it. Modeling is a state of curiosity and selflessness. It is a desire to listen to, watch, respect, and learn from others as well as yourself. Modeling is an interest in process over content. Process or the “how” something is done is arguably more important than content or the “what.” The process is where skill is focused to create the end result. There are countless ways to do anything, but there are ways that are extremely effective and there are time-and-energy wasters that might get you to the same result … eventually. Modeling can take many forms. Some of your most fundamental skills have been acquired through modeling others. Babies and young children are expert modelers. Only when they start learning by more traditional methods do they begin to lose this skill.