The Truth about Being a Professional Trader !steemCreated with Sketch.

in hidden-knowledge •  7 years ago 

The Truth about Being a Professional Trader !

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When It comes to trading and making money in the markets , It's not that simple there are very complex things in the market. First and foremost the best thing you can do is "Respect the market". The market is alive and it will take your money that is a guaranteed . Most people don't respect the market and gamble away their capital and loss it all . Then at the end of the day they contemplate to themselves and say "is it me or the markets , the markets are stupid and this is a waste". In reality everything that you do in trading you have to have a plan. Every great trader has a strategy then makes them money over time. Some traders are fundamentals and some are technical like myself. Technical traders look at the chart and basically read the overall market context and make trades based on their market abilities and context of the market. The truth is that being professional trader is f#cking difficult , but since its difficult you have to thank yourself , because if was so easy their wouldn't be much dessert left on the table in other words.People wouldn't make money doing it. Speaking of money a great trader doesn't use all of his trading funds to splurge it all on one thing. Sure he or she may get something nice for their love ones . But they don't put themselves in a position where they can trade anymore . Another very important rule of thumb is "Protect Your Capital".

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I can't say this enough to become a great trader , how are you supposed to play the game if you don't have any money . You wanna have a excellent position size, position size and a risk model. These three things alone can help your account grow in tremendous ways.

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To become a great trader in the markets you not only have to have a plan. But you need to have the right psychology good tactics , awesome setup and execution. That's it !! If your beginning trader and you want to learn more about the market it's very helpful to study the past . So whatever market your trading forex, options,futures or stocks. Learning about the past can help you in the future. Timothy Sykes once said "Past Performance Is indicative of Future Returns ". Any professional trader would agree with you but that's the truth

So as that said these are all things that you have to consider to become a professional trader , not only that but you need hard work, dedication and right learning process to grow your account exponentially. Once you have a good strategy and have a ton of capital then it becomes easier to make life changing gains. At first with a small account its gonna be a pain in the ass but you need to trade and stay motivated and you eventually make life changing gains. I'm working on those life changing gains because I want financial freedom !

So I hope this information help you !
Thank you for the continuous support

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-Your Pal Jon
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