Commit to Trading

In Blog by Michael Arnold

Teaching trading is hard because of one undisputable fact; because trading is hard. It is made to look easy by movies, broker TV commercials and disreputable trading educators. When you talk to real traders however, they will all say the same thing; it is hard, but it is something can be taught and learned. The biggest issue is letting go of the image that trading is not work. That it is not a job, but a set of entry and exit instructions that once learned (or programed into a computer for you), is the answer to any financial troubles or goals one may have. It’s that simple. Really?

Ask anyone in any profession that is worth having (financially or otherwise) and they will tell you the same thing the trader told you. It is hard at first. You may want to give up, but with preservice, hard work and the right guidance, you can do it. You see, trading is exactly that; it’s a trade, a profession. You must make a time commitment and find the right path for you to learn what you need to learn and become the kind of trader you can be by consistently putting your new skills into practice. There are some that will become more successful than others, just based on natural gifts or better financial circumstances when they began, but the work is still the key. Trading, as a job, is the ability to repeat proven actions in the face of repeated failure, where that failure is part of a normal series of outcomes that have been predetermined to be in your favor over time. Reading that sentence is a lot of work, so why wouldn’t trading be work? Just keep all of this in mind next time you are on the right path and are suffering through some losses that your method tells you are normal. Inevitably during a losing streak, one of those advertisements or movies that shows trading as an easy point and click exercise will appear as if on cue. When this happens, also remember the words of “Aldo Raine”, a character from one of my favorite movies,”Ya know, where I’m from, we hear a story too good to be true….it ain’t.”

Futures, options and swaps trading involve risk and may not be appropriate for all investors. Past performance is not necessarily indicative of future results