Richard Sterling is a financial trader.
In previous years Richard gained public notoriety by demonstrating his trading publicly within the prop firm trading space.
That being said Richard doesn’t currently condone the modern prop firm trading space because he believes that ultimately the trader and the modern prop firm hold opposing interests.
Richard also doesn’t condone trading “influencers” because they are in the business of capitalizing on the commodity of “attention”, which holds opposing interests to the trader.
It’s important to know that in trading most everyone can become an alleged expert however many people aren’t profitable traders. Your trading strategy, principals and philosophies must be ones that protect psychology.
In trading you want to cultivate mental resilience not mental illness.
Constant deliberate decisive action cultivates mental resilience.
Constant hoping, guessing, and wondering cultivates mental illness.
There’s a lot of unrewarded genius in the world and if you believe genius equates to success in trading you may quickly find yourself in the statistic of unrewarded geniuses.
Richard Dennis took 14 people with a lack of trading experience and showed them exactly what to do and they then generated significant trading profits despise lack of experience. I encourage you to think about that next time your listening to a trading “influencer” boasting about the years of hard work they put in and the “skill” they claim to have, or the next time a trading psychologist says you have to breath a certain way to take a trade.
Richard encourages consistent mindfulness into understanding “conformation bias” and its true definition.
Confirmation bias:
“Confirmation bias is a cognitive bias where individuals favor information that confirms existing beliefs or hypotheses, while disregarding or downplaying contradictory evidence. This tendency can affect how people interpret, recall, and seek information. The brain’s structure and function play a role in this bias, particularly areas associated with emotion and reward.”
Richard encourages others to self educate and see if trading is a worthwhile pursuit for them or not. At the end of the day there’s no secret formula better then your own experience and journey because failing forward is the most reliable and most constructive path.
Richard’s purpose is to help other traders cut through illusions in the trading world.
Understanding the true essence of trading is half the battle. If you believe a car is a bicycle and you try and operate that bicycle your going to beat yourself up pretty bad wondering why you can’t operate something as simple as a bicycle.