Be grateful. Just 20 years ago, you wouldn’t be able to become a trader. The traders were the guys in suits working for the biggest financial companies. The tech revolution allowed us to manage our funds from any point of the world using our laptop and wi-fi. Be grateful!
You definitely gained a lot of knowledge from this course and the next thing you should do is to take some time and let that knowledge lay down for some time in your head.
Use the pen and write down your trading goals. Maybe you don’t even have a clue how to open trade, but that doesn’t matter. Just have the goals written down.
Make the journaling your daily habit. Journal your trading goals, your relationship goals, your life goals. Journal your trades, your wins, your losses. Once you write them down, you will get the data that will be priceless in the future. This data will be analyzed and used to find the weakness and improve your trading but in overall your life.
Trading is the process and you have to give it the time. It is the tool we use to multiply money but also the tool that will change you drastically. You will never meet a trader that is a negative person. The mindset successful traders have is full of positivity and they enjoy life. The trading success will not only make you financially wealthy but wealthy in all fields of your life.
As a tool that is used to multiply money, you first need money in order to multiply it. That’s why before you build a big trading account, you need an income stream that could be either your business or a job. You need money in order to multiply it. Make money, save to invest and then invest and multiply. That’s the circle you should be focused on.
Income stream will make you less emotionally which will allow you to focus on trading more objectively which is the way it should be done. When you are stressful and when you depend on the money you are trading with, you will be making mistakes way easier. That’s why you need to make the income stream so you will be able to focus on trading and give it time to start making your profit.
It takes up to 2 years that you start generating profit in trading consistently. It includes all the educational process, testing, all the way to making consistent monthly gains. You will be working 40 years if you focus on your job. On the other side, trading can change your life in a couple of years. It will require a lot of work, it will require a lot of suffer, it will be tough but once you make it, it will be worth it. It won’t happen if you focus on overnight success. It will happen if you focus on the process and the end goal of being financially independent.
The choice is yours, we already made ours!
Milos is an independent trader, with a background in journalism and publishing. Nomadic by nature, he’s lived in four different countries this decade. He’s fascinated by Blockchain technologies’ potential to reshape all aspects of our lives. Milos got into Bitcoin while completing his degree and hasn’t looked back since, writing about anything crypto-related. He is the co-founder of the Cryptoaims and he has a strong passion to educate people about this revolutionary technology.