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Becoming a trader in the
markets is an amazing thing to accomplish. You can become a consistently
successful trader in the market could even receive celebrity status. Our
society rewards good traders because our society on the whole is engaged
in the markets and understands how difficult it is to overcome and become
a traitor.
Just think... you could make
millions of dollars a year and work, rather trade, 15 minutes to an hour a
day tops! There is no better leverage! Plus you don't have employees
or inventory for you to worry about also to crazy lawsuits that come from
the retail business world. So in essence as a trader you can put your
smart work in, make a fortune, and live life to the fullest doing other
great things while having time to enjoy the moments with friends and
family. But for some reason most people think to low of themselves to
actually take him a task of becoming a good trader.
It is easy to become a trader
and it is hard become and stay great trader same time. A good trader has
to learn a few things over time. The traitor first of all has to discover
a good trading system. That system will have to be tradable over
time and net out profits over time. That system has to fit a operable
business model that is where you can operate, or be operated just as one
would run a business.
Trading as a business means
that one does not have costs, risks, rewards, winning conversion metrics,
probability risk, profit margins... and the bottom line is the more
"sales" or rather trades that are made with good profit margins,
that is net profits, the more money a trader to make and keep.
Once this seriousness of
approach comes to a trader who treats his or her trading as a real
business then progress can be made. And it the trader has any "easy
money" thinking in the brain that trader will have problems which
will eventually cause damage to his trading.
Overall, trading is an
exercise in overcoming oneself. It is an awesome journey to become a great
trader. One can learn many life lessons by becoming great trader. So I
highly encourage you to become a great trader. What am I talking about?
To become a great trader you
must be able to let go of significant emotional temptation, emotional
indulgence in fear and excessive jubilation. And eventually gives the
client we realized that the only way you can make money over time and
actually keep it is that you need to simply execute a good trading system.
And if you go pick up a copy of Jack Schwagger's "Market
Wizards" you will be able to see this will. To be continued...
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