I’ve been a trader for almost 7 years now… and I don’t take any of it for granted.
Most mornings I still wake up and pinch myself, to make sure I’m not dreaming.
I’m so thankful for what I have, to be able to wake up every day to the freedom of choosing how to spend my time.
I’ll never have to write another resume, wear an office suit, or squeeze in morning traffic.
I’m not telling you this to brag. I’m telling you this because I want you to understand that although it’s a great life, it didn’t come easily.
You see… it’s easy to set up an account and start trading, but making money consistently isn’t.
I Struggled For Years
When I first started trading, I didn’t know that the majority of retail traders give up and drop out within a year.
Filled with optimism and enthusiasm, I signed up for 4 different trading courses and spent over $20,000 learning how to trade.
Brimming with trading knowledge, I then proceeded to blow up 3 of my trading accounts, most spectacularly.
It was terrible.
I was down, and I wanted to quit every single day. I just couldn’t understand why I kept losing money even though I was following the advice of the “experts”.
Cut losses. Let profits run. The trend is your friend. The same advice over and over again.
I couldn’t understand why everyone was spouting the same advice when they are clearly ineffective in practice. I was lost.
I was desperate to figure out the game of Forex trading… and yet, all the time, effort and money spent on it had brought me nothing but frustration.
But no matter how bad I felt about failing, no matter how embarrassed I was, the one thing I didn’t do was give up.
And that brings me to the message I’d like to share with you today.
All Things Are Difficult Before They Are Easy
If you’re struggling with your trading, you’re not alone.
It can be frustrating. It can make you feel terrible.
It can feel like a hopeless cause.
I get it, I’ve been there.
But understand that before trading becomes easy, it will first become difficult.
Think about the time you learned how to cycle, cook or drive. Was it immediately easy for you?
You’ve probably stumbled along the way and screwed up a few times before it became second nature.
Trading is never easy when you first start. It’s uncomfortable.
The key is not to give up.
I’ll be blunt with you: Trading is not for the weak willed.
When the going gets tough, most people back down and quit.
So if you’re continuing to practice despite the challenges, I salute you.
And if you’re thinking of quitting, take this new year as an opportunity to begin afresh.
The rewards aren’t easy to achieve, but they’re worth it. That’s for sure.
Thank You. Really.
Lastly, I want to thank you for continuing to be a subscriber/customer of mine.
Trading can get pretty lonely sometimes, and it’s my privilege to be in communication with so many smart and determined people from all walks of life, all over the world.
The markets will continue to change over the years, and we will adapt accordingly, together.
Here’s to a toast to the end of a challenging but fulfilling 2012, and to the start of a new, even more rewarding 2013.
Take care, and I’ll see you next year.