every trader is cursed to learn many lessons of What Not To Do before they can fumble around learning What To Do and those lessons seem to be very difficult to wrap your mind around. The What To Do lessons are very illusive, one week, month or year it might be relevant and the next its irrelevant. I did notice after I started my second decade of trading, that the Rules of Engagement for the parameters and clues for what and when to make choices and how to discern the static changed from the previous decade.
That caused stubbed toes, shoot yourself in the foot, and also the dreaded Gut Shot for a Bleed Out. What worked the previous decade fails with the next, along with a mass of trading accounts. It takes a couple years into the new decade to become accustomed to the new Rules Of Engagement. I saw the same change at the beginning of my 3rd trading decade as I had just started my career as a broker in late 2007. I see the same thing happening at the beginning of my 4th decade of trading, I was prepared for this kind of change and have been very cautious in my own trading and even less aggressive for my clients.
We have stubbed our toes and shot our feet but no Gut Shots yet but I'm sure one is a coming and hoping its just one. I had a very good year last year and so did my clients but we will both have a big income reduction this year and next.