This is a really interesting question that only you can answer. But I’ll share a bit about what I went through to get to the stage of trading profitability, and making money from trading on a consistent basis.
When I first decided to go the route of trading for income and shared this decision with my family, my father said something that really spurred me to a decision to become a successful trader no matter what happened.
He said these words to me:
“If you go the route of trading, you will end up being depressed and committing suicide in two years. You don’t have what it takes, and you don’t know what it means to be trading for a living.”
That really hit me hard, because he was someone I had tremendous respect and confidence in. From that incident, I was shaken and in somewhat of a state of being shell-shocked for a few months.
At that time, I was already trading and had left my job which was paying me well. And that was more than 8-9 years ago.
How Time Passes
I can’t believe how fast time has passed since that incident. I went through a journey of reflection, understanding myself, and fighting every day to be a profitable trader, until I made that inner breakthrough of understanding.
If you really want to be a profitable trader, it takes determination, perseverance and in a word, “guts”, to finally make it through to the other side.
This is a real life lesson for success not only in trading, but practically in any profession in life. You don’t have to follow my road, because I was young and determined to have my way then. Learn the ins and outs of the trading profession, test with paper or demo money. You have the opportunity to make money once you have a system that you can consistently make money with.
The Money Saved Will Be Your Startup Trading Capital
The money that you would have saved from learning the “hard” way would help tremendously in adding capital to your trading account when you start trading live. You’ll still have to deal with the emotional differences between trading demo money and real money, but you’d be a lot better prepared by then.
So the question you should ask yourself is:
“Do You Really Want To Make It In Trading?”


2 responses so far ↓
1 Day Online Trading // Jul 10, 2007 at 6:44 pm
Great post! The very essence of a good trader is someone that can trade without emotion. As soon as one trades with emotion, rather than the skills learned to trade profitably, they will fail to make any real money from trading.
Develop your strategy, or learn someone else’s, then go and use that strategy without the effects of emotion to cloud to cloud your judgements.
2 Smart Trader // Jul 14, 2007 at 12:04 am
Thanks. Many beginning traders don’t really appreciate the time and patience required to learn the skill of emotional detachment, instead focusing on the ‘get rich quick’ approach.
Wishing you good trading!
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