I am sharing this personal opinion after 15 years of career in financial sector.
I have blown so many accounts as a trader in the start, that I have lost the count of it. The main reason, being trading for the wrong reasons, and focusing on results, or money.
Trading is not a business, trading is a career.
When you will start focusing on development, improvement, and you are willing to dedicate years for it, than you will be successful.
IF you think at trading as a business then you will expect to get profits after the first 6 months, and have sales immediately ( profitable trades ) which is not the case.
IF trading is a business, than what are the loosing trades? Because those are not the expenses of a business. An expense is payed from revenue generated. Loosing trades are NOT generating any revenue.
IF loosing trades are expenses of a business, than what are wining trades compared with? Because they are not sales. A sale has a fixed reward with no risk attached. Wining trades have a risk potential attached. Like having a shop, and not knowing if the customer is going to pay or to steal the product.
Please try to understand the following:
Losing trades = penalties missed and still you win the game.
Winning trades = goals you score, but still might loose the game.
I have blown so many accounts as a trader in the start, that I have lost the count of it. The main reason, being trading for the wrong reasons, and focusing on results, or money.
Trading is not a business, trading is a career.
When you will start focusing on development, improvement, and you are willing to dedicate years for it, than you will be successful.
IF you think at trading as a business then you will expect to get profits after the first 6 months, and have sales immediately ( profitable trades ) which is not the case.
IF trading is a business, than what are the loosing trades? Because those are not the expenses of a business. An expense is payed from revenue generated. Loosing trades are NOT generating any revenue.
IF loosing trades are expenses of a business, than what are wining trades compared with? Because they are not sales. A sale has a fixed reward with no risk attached. Wining trades have a risk potential attached. Like having a shop, and not knowing if the customer is going to pay or to steal the product.
Please try to understand the following:
Losing trades = penalties missed and still you win the game.
Winning trades = goals you score, but still might loose the game.
Career goals - personal development