BarroMetics Views: Seminars and Success

I am about to complete the Habits of Success webinar. On Friday Sept 19, we hold our final session and I thought it would be worthwhile posting my thoughts here about the follow-up that is necessary to internalise any material.

When I completed the first Market Profile (traditional variation - ‘Mind Over Markets‘ type) seminar, it took me 9 months to internalise the material. I first had to learn the material: what Pete meant by a ‘drive opening’ ; what it looked like; what could be expected to follow, etc. This learning was an intellectual exercise.

The next step was to learn to apply the material. The first time I did this, although I knew the material intellectually, I still felt lost. I found I had to learn the practical skills to become comfortable with the material.

Once I learnt that, I then had to learn the nuances e.g. that although the ‘drive-open’ usually indicates a rotational day, how do we tell that ‘today  it will signify a one-timeframe market’?

In the process of learning this,  I internalised the importance of ‘context’ and scenario creation. Both ideas have helped become a better trader. Learning took time. And….

…if there is one tendency I see as becoming more prevalent today it is the desire for ‘instant’ xxxx  (you can insert any activity for xxxx).

We come out of a 4-day seminar and expect that the 4 days will mean we are fantastic (or least competent) traders. To paraphrase Merv Oakley, my karate instructor and friend:

“…all that the (4-day seminar) means is you have learnt to crawl! You need to learn how to run!”.

Or put it another way: after the seminar, you know what you don’t know and therefore know what you need to do learn i.e. you know you have to go from conscious incompetence to at least conscious competence.

Many seminar attendees come out of a seminar expecting to be consciously competent; and the discovery of Myelin shows why ‘that just ain’t possible’!

Refer this blog post to a friend or colleague…