When I once attended a course at the Online Trading Academy, one of the instructors told a funny story about how he started out in the trading world.
He said “When I first started trading the worst thing possible happened to me….I started to make money”. He said that he started to see a large S emblazoned on the front of his shirt and thought he was a genius and that this was easy.
Well folks, he told the story to illustrate the trap that many new traders fall into, the mindset that it is easy to make money in the markets. As he found out and, also, as I found out, it is not. In Malcolm Gladwell’s book “The Outliers”, he gives many examples of the people that are very successful, pointing out that an overnight success for these people is a misconception. He found that each and every one of them had put in at least 10,000 hours before they had any sort of success in their respective fields.
Trading is no different. It takes time and experience, discipline and money management, emotional strength and a proven method to trade consistently and successfully every year. The only way to fastrack the process is to learn from people that have paved the way for you and that are willing to teach successful principles and methods so you don’t make the same mistakes that they did and get the success you deserve sooner.
That is my hope for my members and is the mission of this site.
May today be a profitable day…for all of us.