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Learning to Trade is Hard

by SITM | Jun 19, 2026 | Aaron Lynch, General Newsletter, No_index

Learning to Trade is Hard

And why David was an Outlier

 

As we adjust to the realisation that David is no longer with us, I wanted to frame the reality of what David was able to achieve. Imagine being successful already in your fields of endeavour. A comfortable life that had a positive future and further growth in the right direction. That life had cemented certain expectations and style of living, then suddenly that changes. The future is deeply uncertain and your mechanism for recovering that stability and financial independence is to self-teach yourself a trading system based on the works of a notable but dead trader who left thousands of challenging and left field pages of what to do. You haven’t traded before, you choose futures as the vehicle to achieve this, and you tell the tax department and the bank this is how you are going to clear your debts. A bookmaker would be giving you a 1000 to 1 against.

Learning to trade is often marketed as a straightforward process: find a system, follow the rules, and profits will come. In reality, it is one of the most difficult disciplines to master. Not because information is hard to find – but because there is too much of it, and very little of it is tailored to the individual.

For the self‑taught trader, the journey begins with enthusiasm and quickly turns into confusion. There are thousands of books, strategies, indicators, and opinions. One expert promotes technical patterns, another focuses on fundamentals, and another claims the answer lies in algorithms or psychology. Instead of clarity, this abundance creates noise. Traders jump between systems, endlessly searching for the perfect method, only to find themselves paralysed by choice and lacking confidence in their decisions. The more information they consume, the harder it becomes to act decisively.

At its core, trading is more than a technical problem – it is a psychological one. Emotions such as fear, greed, and overconfidence influence every decision, often overriding logic. A system may look flawless on paper, but if it does not align with how a trader thinks and reacts under pressure, it will fail in execution. Add some creditors on your back and you start to feel the weight of the world on your shoulders. I am very comfortable to say I would never have worked out what I now know without standing on the shoulders of giants.

The idea of one universal trading system is fundamentally flawed. A true trading system is more than entry and exit rules – it includes risk management, position sizing, and how a trader behaves under uncertainty, what techniques resonate and what one’s don’t, knowing Gann has a plethora of ways to analyse, no one uses them all, all of the time. These elements must align with the individual. Personality, time availability, capital, and emotional tolerance all play a role. What works for one trader can be completely unworkable for another.

Some traders thrive in fast-paced environments; others perform better with patience and long-term analysis. Some are psychologically comfortable taking repeated small losses, while others struggle to recover from a drawdown. Because of these differences, the same system can produce wildly different results depending on who is using it. This uncertainty decays our resolve and ultimately, it’s easier to give up than go on. For some that is ok, but imagine that wasn’t really an option, to get off the metaphoric island, you must win trading survivor. Win or perish.

The challenge becomes even greater when financial pressure is introduced. Learning to trade while relying on it for income, or while risking money that matters deeply, amplifies every emotional response. Fear is no longer theoretical – it becomes immediate and personal. Decisions are rushed, discipline slips, and the ability to follow a structured plan deteriorates. Under pressure, even a good system can collapse because the trader cannot execute it consistently.

Now consider what it must have been like for someone attempting to understand one of the most complex trading methodologies ever created under these conditions.

W.D. Gann’s work is widely regarded as some of the most intricate and difficult material in trading. His writings were dense, often cryptic, and layered with mathematical and geometric concepts that required years of study to interpret. Many traders encountered Gann’s ideas, but very few were able to turn them into something practical. The gap between reading his work and applying it in live markets was enormous.

David E. Bowden closed that gap – but not by accident.

He spent time intensely studying Gann’s original writings, charts, and forecasting techniques, working through material that most traders simply could not decipher. No computers, AI or cheat sheets to follow. Hand charts, pen and paper – Grit.

This was not a casual pursuit. It required sustained effort, repetition, and the willingness to sit with confusion for long periods of time without immediate results.

What made this even more challenging is that trading does not happen in a vacuum. While David was studying, testing, and refining ideas, he also had to operate in real markets – where financial consequences are immediate. Every mistake carried a cost. Every misinterpretation could result in loss. To persist through that level of pressure requires a level of discipline and resilience that very few people sustain.

This is where David’s true edge emerged: he outworked other traders.

While many gave up on Gann’s complexity or skimmed the surface, David committed to mastering it. He repeatedly tested concepts, stripped away what didn’t work, and refined what did. He did the slow, demanding work that others avoided. Over time, this process allowed him to not only understand Gann’s principles but to translate them into structured, repeatable methods that traders could actually use.

His contribution was not just knowledge – but clarity.

David broke down complex theory into practical frameworks, turning abstract ideas into rules, processes, and structured approaches. This allowed thousands of students to follow what had once seemed impossible to understand. Through coaching and structured education, he bridged the gap between information and execution.

This highlights the true value of a trading coach. A coach does not simply provide a system; they provide direction. They help traders filter noise, build structure, and align their approach with their personality. Most importantly, they reduce the time spent lost in confusion.

Without guidance, traders often spend years searching. With guidance, that process becomes focused and intentional.

In the end, trading is hard not because the answers do not exist, but because they are buried beneath layers of complexity, emotion, and misinformation. One system cannot work for everyone because no two traders are the same.

Success in trading is not about finding the perfect strategy – it is about developing the right one for you.

And as David’s journey demonstrates, the difference often comes down to one defining factor: the willingness to endure difficulty, handle pressure, and do the work that others are not prepared to do.

For those qualities and the support, he gave me, I will be eternally grateful.

Good Trading

Aaron Lynch

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