Why Trading is not for everyone

Why Trading is not for everyone

The Dream of making money fast - living an independent life, all over the world, and making money as much as you want just with a tap on your smartphone or a click on your mousepad and zack… You made a few thousand Dollars!

I hate when people tell this to me. As a Trading Coach for three years now and an experienced Trader for more than 7 years right now, I did nearly every mistake on the stock markets that exist.

From destroying a whole trading account to that one lucky shot of thousands of dollars in one trade. It was the emotional rollercoaster at its best.

I started like nearly everybody who wants to escape from their 9 to 5 Job or who is looking for making easy money online without having to go to college or get an academical degree. But, in the best scenario, making more money than doctors or lawyers et cetera.

I was young, motivated and full of energy to dominate the stock markets. It took only three weeks until I lost my whole Trading account. And this was very hard, because it was money I saved three years for.

Money was always a problem in my family. Grown up poor, we could make ends meet. That's it. It was not that bad, but it was everything else then good. So I decided at a very young age to live a different life. Whatever it takes.

Well... It took a lot of money. It was the rollercoaster of life. And, to add this, I hate rollercoasters. But I think I had no choice, because I didn't decide to go through it.

After plummeting even more money and suddenly starting to think of what I am doing wrong actually, I made a bit progress. Slow, but steady. I understood, that 95% of all these "Trading advices" in the world wide web are just basic stuff you cannot apply to the markets. It is displayed in such a superficial way that you cannot make it with it. Sometimes, of course, you can have a chance of a good trade. But recurring results with these "strategies" out there? Good luck with this...

Honestly, I thought about that at a very early stage. So I was looking for a good coach tot each me. One who is obviously successful in Trading, living the life I want to live. This has to be the solution to success. Well... Thousands of Dollars later I realized, that even 95% of all these Trading-Gurus out there are fake and they are only making money with their coaching, not with their Trading.

Learn to trade is not easy. It is really hard, depressing, moody and enduring. But once you understand, how markets move, why they move as they do and how you can anticipate on this, then you begin to see the markets with different eyes. Things you get taught from the internet are destroyed within seconds. And this is the moment you realize that you burned your money for experience, which is "commonly said" so important for trading.

Well, I can say now, that experience is important, but only for a small percentage. There are too many things that make the game brighter, like having a working system, understanding market movements, having the right psychology. This is how it goes, not the other way around.

Ok guys, I am out here. Next post I will give you more information about how I got the change.

peace,
DomDubai