{"id":15237,"date":"2018-05-31T18:48:16","date_gmt":"2018-06-01T01:48:16","guid":{"rendered":"https:\/\/www.tradingheroes.com\/?p=15237"},"modified":"2024-12-28T00:23:10","modified_gmt":"2024-12-28T07:23:10","slug":"trading-flash-cards","status":"publish","type":"post","link":"https:\/\/www.tradingheroes.com\/trading-flash-cards\/","title":{"rendered":"Trading Flash Cards: How to Speed Up Chart Pattern Recognition"},"content":{"rendered":"

\"Speed<\/p>\n

When you buy something through one of the links on our site, we may earn an affiliate commission.<\/div><\/p>\n

This is a concept that I've been experimenting with for awhile and I finally have a workflow that works well and that I'm confident in sharing.<\/p>\n

It has helped me tremendously.<\/p>\n

I haven't seen anyone teach this, so I hope that this technique helps you improve your trading too.\u00a0<\/strong><\/p>\n

I've heard a few successful traders<\/a> use this technique (or something similar) to become consistently profitable and that is what led me to explore it.<\/p>\n

But oddly enough, they don't teach it in their courses.<\/p>\n

Or they don't have a course, which is unfortunate because nobody will learn strategies like this.<\/p>\n

Now, full disclosure up front…this is NOT sexy.<\/p>\n

It's hard, embrace the suck, work.<\/p>\n

But if you are at a point in your trading where you need to figure out why you aren't getting the results that you are looking for, then trading Flash Cards could be one of the missing links that pushes you into consistently profitable trading.<\/p>\n

They can help you identify chart patterns<\/a> that you're looking for.<\/p>\n

This method is meant to be used in conjunction with a trading journal<\/a>.<\/p>\n

How Traders Learn to Spot Profitable Patterns<\/h2>\n

First, I'll give you a quick background on how profitable trading is typically learned.<\/p>\n

You probably already know this, so I'll be very brief.<\/p>\n

I only mention these concepts to show you how Flash Cards can speed up what already works.<\/p>\n

1. Watch a Live Market<\/h3>\n

Retail traders who\u00a0log a lot of live screen time and only focus on one or two strategies<\/strong> will usually do much better than traders who do not put in the screen time.<\/p>\n

But the learning process will be slow, especially if you are a swing or position trader.<\/p>\n

This is because you are not getting feedback fast enough. The more high quality feedback you can get right now, the faster you will progress.<\/p>\n

2. Do Trading Simulations<\/h3>\n

Using a trading simulator like NakedMarkets<\/a> can speed up your learning time dramatically.<\/p>\n

If you have never backtested before, read this guide<\/a> to get started. As you can see, you can learn so much more in the same amount of time.<\/p>\n