Contrary to all the websites and gurus out there on the internet telling traders that they only have to follow their custom trade indicator, some guru’s trade signal, or trade these secret candlestick patterns, etc…TRADING IS HARD WORK. Learning to trade consistently takes hard work and not the hard work you are likely thinking of right now.
The hardest work a human being will ever encounter is sustained thought or concentration. The second in line is learning how to deal rationally with your own human emotions. These two things are what comes between you and success when it comes to trading the financial markets.
There is a TREMENDOUS amount of money to be made as a trader but those who are successful are the ones who put the time into learning, studying, taking notes, journaling actions and market behavior as well as being accountable for their actions when it comes to trading.
A trader will also need a plan and strategy for taking, managing and taking profits when trading. This isn’t difficult and since market movement and behavior are determined by human rationale it would behoove a person to learn how price moves and why it moves the way it does. Learning price action and market context is the key to being consistent as a trader.
There aren’t many occupations like trading that offer a NO LIMIT CEILING for income. Humans are inherently greedy. We want it all and we want it now! The solution: patience, discipline, and accountability. Patience is a virtue that must be acquired through DISCIPLINE, to succeed. The easiest way to develop discipline is to be accountable to someone or something.
Check out our Coaching and Mentor Program if you want to become consistent.
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Live Trade Room Disclosure: This presentation is for educational purposes only and the opinions expressed are those of the presenter only. All trades presented should be considered hypothetical and should not be expected to be replicated in a live trading account