Let's first begin by setting the foundation for what trading is beyond conventional definitions.
When most people think of trading, they probably imagine bright stock charts moving up and down, social media influencers, or news anchors on TV talking about the economy.
Over the years, trading has become a hot topic of discussion especially for young people as it has been recently been primarily marketed as a way to escape the matrix.
Of course this wasn't always the case, trading was at one time was a profession preserved for those that had enough capital, with special education and a license.
These days, anyone can open up a brokerage account, deposit $10 and begin trading today.
This ease of access to online trading has naturally led to the current state of trading we see today where it has become as much of a social activity as it can be a business.
These days, everyones a guru. Everyone has something to sell you, and that's not only true for this industry. In the trading world there are countless gurus telling you they have found a magic method
And to be honest with you. A lot of their methods and strategies will work for sometime until they don't. Their systems will break down and may no longer work for a market cycle it wasn't made for.
Then a new system will emerge for the current trends - marketed as a new magical trading system. What happens next is the inevitable slow crash of your account once again, and there you are - system hopping, from one to the next.
In full pursuit of a new magical system, a new guru, and the cycle repeats itself.
This was my story when I began trading back in 2015.
When I began trading it was at a time where Multi-Level Marketing (MLM) schemes were just becoming popular. The business was simple. You buy their course, their experts guide you and send trading signals, you get others to join, your membership becomes free.
Already skeptical but with nothing to lose, I joined with a few friends and the journey began.
Instantly beginning to downloading trading software, adding fancy indicators, changing color themes, researching candle patterns, learning about news, impacts, and all the rest.
It was an addicting experience. To think that you could make money essentially by swapping money for money. It was better then gambling, and seemed it had a greater chance of success than something like sports betting, playing cards or what we traditionally view as gambling.
With trading, the more you learn, the more you increase your odds like anything else. All that is true until you've learned most of what you can. Then it comes down to only one thing: Getting Experience.
It's going to sound simple because it is. Perhaps a few have said it over the years, from what I've seen, it's rarely spoken. Are you ready for what it is?
Your system is a ticking time bomb.
In industries where everything is on the line and where high performance matters the most, the executors of critical missions or objectives can often enter into a psychological state called Tilt.
Tilt is where you become distracted, are prone to make mistakes, enter into states of high emotion, ignore logical thinking structures and begin to act impulsively.
Professionals across all industries have come up with a whole new areas of Psychology to combat these tilting states so a person can remain focused on their goal without overthinking.
With trading, this is a very common area of discussion and is seen as the most important skill to have. It's often said that Mindset > Strategy.
You need to begin thinking the exact opposite.