Kelly Ohgee on How Trading Became Easy After Doing These Four Things
Trading became simpler and more rewarding for Kelly when she stopped seeking shortcuts and focused on mastering the essentials. Her journey emphasizes the importance of building fundamental skills, managing risk, and focusing on one’s own progress instead of getting distracted by others’ achievements.
Coach Bob
11/5/20243 min read
For many, trading can feel like navigating through a storm without a compass. But as Kelly OG shares, her journey took a transformative turn after implementing four powerful strategies. Trading became less about trial and error and more about consistent growth, which is why she’s passionate about sharing her journey to help others unlock success in trading. Here are the four foundational changes she made that drastically improved her trading results.
1. Learn How to Chart – Don’t Just Copy
One of the biggest turning points in Kelly’s trading career came when she stopped relying on others and started mastering the skill of charting herself. Before, she found herself in a common trap: following advice from Twitter feeds, chat groups, and other traders, assuming that copying could replace understanding. While that may lead to some initial success, Kelly realized that true trading growth comes from developing an independent ability to read charts.
Charting isn’t just about knowing what lines and patterns mean; it’s about understanding the underlying market dynamics and recognizing trends. As Kelly emphasizes, if you spend months learning to chart, that knowledge can help you turn profits that far surpass what you’d make by following others blindly. Developing this skill may take time and patience, but it's a powerful tool that empowers traders to make their own informed decisions.
2. Forget Indicators – They’re Often Too Slow
In her earlier days of trading, Kelly heavily relied on indicators, such as the Relative Strength Index (RSI), which many traders use to predict when a stock might rise. However, she noticed that indicators often didn’t provide the accuracy she needed. Many indicators are based on delayed data, meaning that by the time they signal an opportunity, the market might have already moved in a different direction.
Kelly's advice? Let go of indicators and trust in the knowledge gained from charting. Indicators may sometimes align with market movements, but experienced traders know that the market is often influenced by major players like banks and large financial institutions, who can shape trends in ways indicators can’t always predict. By ditching indicators, Kelly sharpened her trading instincts and learned to rely on her analytical skills rather than waiting for signals that might be too late.
3. Master Risk Management – Be Ready to Lose Comfortably
Risk management is a term often thrown around in trading circles, but Kelly emphasizes its importance in practical terms. For her, managing risk isn’t just setting arbitrary limits; it’s understanding the emotional and financial implications of every trade. Before entering a trade, she always asks herself if she’s genuinely comfortable with the amount she could lose. This isn’t just about picking numbers; it’s about knowing her own comfort zone.
Kelly shares that if a trader isn’t fully at peace with the possibility of losing their investment, it can lead to emotional decisions that hurt their trading performance. By setting an acceptable loss limit, she ensures that her trades are grounded in rationality. If a trade goes south, she can walk away without feeling devastated. This approach helps to keep emotions in check, which is vital for long-term success in trading.
4. Drown Out the Noise – Focus on Your Own Progress
Lastly, Kelly learned the importance of tuning out the constant noise in the trading world. In the age of social media, it’s easy to compare yourself to traders who are making thousands or even hundreds of thousands a day. This comparison can quickly lead to frustration, especially for those new to the trading game who may be making small, incremental gains.
Kelly reminds traders that everyone’s journey is different. Many successful traders took years to reach their level of expertise and profitability. Comparing your one-month progress to someone’s years-long career will only distract you from your path. As she puts it, it’s like focusing on someone else’s cake while not realizing you’re baking one of your own. By focusing on her own progress and celebrating her milestones, Kelly found more joy and satisfaction in her trading journey.
The Takeaway
Trading became simpler and more rewarding for Kelly when she stopped seeking shortcuts and focused on mastering the essentials. Her journey emphasizes the importance of building fundamental skills, managing risk, and focusing on one’s own progress instead of getting distracted by others’ achievements.
Each of these steps – learning how to chart, dropping reliance on indicators, mastering risk management, and blocking out external noise – provided Kelly with the foundation for consistent growth. Her advice to those looking to follow a similar path? Commit to the process, don’t be discouraged by early challenges, and, most importantly, remember that trading success doesn’t happen overnight. It’s a marathon, not a sprint, and with patience and perseverance, anyone can find their own trading breakthrough.
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