Monday, 29 January 2018

3 Reasons Why Not To Give Up Trading

Posted by Olga Gorinina at 09:58 Labels: ,

Believe it or not, everyone who has ever traded faced that same moment of doubt. “Should I keep going?” - One of the most common questions going around traders’ minds over and over for days, months or even years. While each case is different and there cannot be a right answer for all of them, most of the time the answer ends up being “yes”. And let me explain why:

Trading is about knowledge

I know… you are surfing the internet and every single day you find new brokers offering you the best, most advanced solutions to earn thousands of dollars while only investing $50 and… did I mention it is all risk-free?

Well, sorry. Someone has to break it up for you. Miracles happen, but you can just sit around waiting for them. Trading is about knowledge and knowledge means education. Nobody is asking you to hold a PhD in Economics or Finances, but you have to put some hours into the matter, sit down and process information and learn the basis. No way around. If so far you haven’t done so, then it is not too late to start.

Trading is about practice

I cannot emphasize this enough. Trading is all about constancy and sweat. Think of it as a sport. You don’t get better without training. So each time you feel demotivated, try to rewire your mind as an athlete and instead of just getting pissed off with the charts and hit the bar, breathe, meditate and repeat. Always repeat. Because each time you fail, you are learning.

You are not alone

And it is true. You are not. As I said at the begging of this piece, many traders face the same negative impulse to quit trading because it’s either too hard, too time consuming or too expensive. Negative arguments will always be there. But positive ones too. And it is up to you which side you embrace. Do you embrace challenges or failure? Do you focus on pluses or minuses? Blogs, forums, websites… the web is full of reliable resources to share your experiences and help you become a better trader.

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