Well today is yet another day in the trading world as people look to the markets as ways to make extra cash and to help with bills. The unfortunate mistake that is exercised before the trade is every taken is not treating this job as one of the very toughest jobs that you are ever likely to try to do. If someone said to you that you can make $500,000.00 a year minimum if you become a pediatric surgeon if you weren’t intimidated by the term doctor in itself wouldn’t you be the least bit curious? I can’t speak for you but I sure would be motivated by that kind of salary.
However it comes with a cost doesn’t it?
You have to learn to be a doctor and then you have to specialize. Likely a fifteen year process of study, exams, practical and lets not forget the financial cost. Very much a commitment isn’t it? One not lightly undertaken even by the most zealous and motivated of us.
Yet trading is looked at as a means to gather income. A way in which the markets will simply reward you because you take some basic courses perhaps and enter after demo trading successfully for three months. (Truth be known I doubt that most even do this). It is the lure of potentially easy money right. However statistics in the markets tell us that it is like any other great discipline. Few will ever make it. Even fewer will make it big. It is the same reason why the 90-10 rule exists in every area of life. Only a scant few will have the patience, the will to make mistakes and the will to keep at it through thick and thin to learn a trade for life. A trade that I might add you never stop learning in.
It is similar to getting a doctorate or any other worthy profession that you undertake. The main difference is you can come from or anywhere and make it. You can have little to no education and make it. The markets don’t discriminate on what class you are from or how much academic back ground that you might have. In fact you may even be better off if you don’t have much background.
The one big area that will challenge even the most gifted person in the world is learning to make mistakes and learning to admit when you are wrong. This is what keeps you in the game. Basically the opposite of what you have always been taught. This is one profession that having a giant IQ holds no favorites for.
So when you think about coming to the markets as a means of holding a second job or managing your funds you had better be willing to undertake a job unlike anything you have ever done before.
Easy? Ha…..come try.
Worth it? You bet. This is the one profession where you have the ability to make as much money as you could ever wish for . It is called ROI (return on investment). That is how you measure success. Not by how much money you have or how much it will take to buy what you want. Rather a process of trades to get a good ROI. Why else would you undertake this?
However most enter the market with the wrong notions and are totally unprepared for the meat grinder that it can be. It will wear you down ,make you question your sanity, have you question your own intelligence and many other introspective ways of getting to know who you really are and more importantly “what kind of trader are you”?
However if you wish to narrow the learning curve and earn as you learn then come and duplicate my own trades as I teach you how to navigate all market conditions. We trade every morning from 5:00 a.m. to 12:00 I can then show you how to make trades like this in a range bound market.