Trading

“Trading is a difficult challenge that will test your emotions more than you can imagine. From birth, we gravitate towards things that make us feel good and run from things we fear. If you take this instinctual and conditioned action in trading, you will lose. For example, if you wait for news and charts to look “good” before you buy into a market, price is already high and at retail prices at that point. You can’t buy when price is at retail levels and profit consistently. If you sell into markets when everything including news, indicators, and opinions are “bad,” you are selling when price is low and at wholesale levels, which is the last thing you want to do. The goal is to buy low and sell high. You must understand that proper trading is not easy on the emotional side and you don’t want it to be. If it were easy, everybody would be doing it and making money, but that is just not the case. The people who do well over time are the ones who understand that the path of learning and practicing takes time and is typically a bumpy road. The key difference between those who fail and those who stick it out and succeed is that the successful ones embrace the bumps in the road with a positive attitude. They realize that the bumps are needed failures that allow them to grow. You see, when you experience failure, it is really success letting you know that you have identified a flaw that needs to be corrected or removed, and that’s a great thing.”