09/26/2023
Reality check.
I see a lot of people asking me how I became a consistently profitable trader or to teach them how to trade.
This is actually a pretty hard question to answer or even teach someone how to become a consistently profitable trader.
Trading is not something that you can just study for a few days or weeks or months and then expect to be able to trade consistently. There is more to it than that. Yes, the knowledge, the strategies, the understanding is important but that is only a small factor. The other big piece is your trading mindset, psychology, emotions and risk management. One will have to master these in order to become a good trader. And unfortunately you can only learn this when you get your feet wet and trade live accounts. When real money is involved, this is when you will feel your emotions, you will experience both fear and greed. It is good to practice with demo accounts but that's just practicing your knowledge. Ultimately, it's trading live is what will gain you experience and learning from this experience and mastering the four pieces I mentioned above, which ultimately is gaining a better understanding of your own self, this is what will transform you to become a better trader.
For me this was years in the making, but I kept going despite the setbacks and challenges. Also, for those that thinks this result is pretty small. Yes it is, but it's because this is my own funds and I am starting small. I'm not filthy rich but this is real and I'm grateful even for these small wins and small blessings.
I've heard/read it somewhere that a good trader essentially gains a deeper understanding of his own self when he becomes a consistently profitable trader.
So for those aspiring traders, keep putting in the work, study everyday, trade with your live accounts. Always trade safe.
Hope this has been informative and helpful and have a wonderful day!
