When I first started out in trading, I thought that I would be able to master the markets, price action once I have learnt enough systems, patterns and strategies. Fast forward to today, I came to the conclusion that we are never the ones that are right, the markets are. So each time we win a trade, let’s stay humble and respect the markets. Each time we lose a trade, let’s remind ourselves that the markets are teaching us a lesson, and we are simply paying our dues on our journey to a sustainable trading career.
What is one quote that you find relevant to yourself when trading? Share it with us!
You meant to say, “Trade what you see, not what you think.”
Mine is, “Trading will make or break you”. It is not news that trading has destroyed lives, ruined relationships of many while it has also built up the lives of many and launched them on the path of financial independence. Successful traders weathered the challenges that threatened their health, bank account and other pursuits in life, but emerged victorious. They refused to bend or give in to failure. By default, people come to the world of trading not psychologically prepared for the price of success until the pressure of disappointment, hard work, and length of time acquiring experience gives them a reality check.
Overhead at the entrance to the trading world is the sign that reads “I WILL MAKE OR BREAK YOU. DEAL OR NO DEAL.” The excitement of beginning a trading career makes many people miss this vital warning.
Income was certainly my primary motivation for trading. Maybe I’m too old-fashioned, or too cynical, or too ‘something else,’ but I’d always imagined that was true for more or less all of us, really?
This was my perspective as well when I entered trading; however, I quickly realized I needed to invest more effort than I anticipated, and what a journey it turned out to be.
