Trading for a living

A few days before Christmas one of the gifts that a large majority of aspiring trader would find under the tree would be the magic formula for living from trading.

Unfortunately or fortunately for some others this present can exist only in our dreams, because to live the trading is much more complex to condense it into a formula or procedure .

This entails a way of understanding and experience in the markets, a journey of introspection into our mind and a long way tirelessly around obstacles, humbly taking big and small as extraordinary.

Knowing that only between 5 and 10% reach the goal , the rest will receive as a reward the loss of savings and non – recognition of an effort in vain, and still have the firm conviction that will try challenge, for this we must be passionate .

Personal experience has taught me that this essential element that is not taught in any school will allow us a more bearable way in this path uncertain outcome, and

We will need passion to:

  • Spend time, effort and money for training.
  • Find the best professionals here and beyond our borders who want to share their knowledge and experiences.
  • Spend countless hours reviewing strategies, graphics and find opportunities.
  • Questioning operations seem obvious.
  • Recognize and learn from mistakes.
  • Self-motivated after suffering a setback.
  • Humbly take the hits.
  • Disciplining our shortcomings.
  • Investigate, explore and experience in the markets.
  • Develop and implement a credible plan work.
  • Determine our personal goals.
  • Assess our progress on the road and rectify if necessary.
  • Share ideas and knowledge with others.

No doubt this list could be much longer, but what is really important as the song says ” Passion ” by Rod Steward   is: ” We all need passion …”

Related articles:

The utility of “paper trading” 

Training for traders: the object of desire 

Phases Development of a Trader