Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Bulls on Wall Street
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Why is Trading the Hardest Profession in the World?

% of readers think this story is Fact. Add your two cents.


What other profession can you work anywhere you want, have no boss or employees, no ceiling on your income, and have workdays that can last 2 hours?

Only trading. But it comes at a price. We shoot straight with you at Bulls on Wall Street: Trading is the hardest thing you will ever attempt. Nothing you will ever attempt in your life will be as difficult as becoming a consistently profitable trader.

But it is also the most rewarding profession there is. The struggle is the price you pay for a lifetime of freedom. Nothing worthwhile comes easy or overnight. 

If you are a new or struggling trader, you need to understand what the trading journey is really about and understand what you’re committing to:

Treating Trading Like a Job

While trading doesn’t have much in common with normal jobs, the process to mastery is the same. You need serious education, mentorship, and training before you can start making money. 

A doctor doesn’t go to medical school and start getting a six-figure salary a few months later. Neither do lawyers or any high-paying profession.

Everyone wants overnight success. These incorrect expectations are why so many fail. They give up when they are still so early on the process. Consistency takes time.

What is spending a few years to master a skill-set that will give you wealth and freedom for the rest of your life? Watch out for these pitfalls:

Why Most Trader’s Fail

If you can figure out these 5 things, you give yourself a much better shot at becoming a successful trader. This is a marathon, not a sprint.

The Emotional Swings 

So many ups and downs. The market is random by nature. Random in the sense that you never know if the next trade will be a loser or a winner. Profitable traders know there is a high probability the next trade will be a winner, but there is always a small chance it won’t.

There will be days and weeks where you can do no wrong. There will be times where you cannot put on a winning trade to save your life. Learning to cope with emotional swings is essential for trading success. 

Find and stick to a proven trading process to combat these emotional swings. Red days happen to even the best traders. You need to focus on being the casino: Trading with edge, and focusing on getting in enough trades where your edge can show and make you money. 

The Uncertainty

This is the cause of the emotional swings. This is the hardest part about transitioning from a job into trading. There is no guaranteed paycheck. This is the price you pay for freedom. I always recommend my students to keep their job and other sources of income when trading. Having trading as your only (potential) source of income when you’re inexperienced is disastrous. 

Why Trading is the Best Job 

Beyond the obvious benefits we’ve talked about, it’s fun and rewarding. Trading will push you and challenge you in ways no other profession will. No other profession will require the same amount of discipline and resilience out of you on a daily basis. This game creates growth in you that nothing else can do. We hope this blog & video lesson gave you a feel for what you’re getting into. Don’t hesitate to reach out to us with any questions!

Only 13 Seats Left in Our Live Trading Boot Camp

Click Here to Save Your Seat for Our Live Trading Boot Camp

The post Why is Trading the Hardest Profession in the World? appeared first on Bulls on Wall Street.



Source: https://bullsonwallstreet.com/trading-hardest-profession/?utm_source=rss&utm_medium=rss&utm_campaign=trading-hardest-profession


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST


Order by Phone at 888-809-8385 or online at https://www.herbanomic.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Total 1 comment
  • Slimey

    I’m looking to be a night trader, sorry. Day traders are a dime a dozen. :lol:

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.