Realistic Goals of a Trader

Posted on 01st March 2019
Realistic Goals of a Trader

INTRODUCTION

Behind every success story lies a lot of determination and hardship, and most important a precise goal that motivates and leads every successful person to strive and achieve his dreams. Saying that it is also important that while setting the goals we should adopt a realistic approach and not just set them too high and then feel demoralized when not able to achieve them. So it would be better if we pursue them in small sections, which means creating stages for reaching the ultimate goal. The smaller division would be easy to achieve rather than aiming for higher goals.

“CONSTANT EFFORT TO HAVE CONTINUOUS SUCCESS”

Let us see the goals a trader must have in his life to make his dream, a reality.

A HABIT TO TRADE WITHOUT EXPECTATIONS

Trading without expectations will give you the confidence to trade even after a loss also. It is advisable to have a demo account and trade to learn the tricks and tips of trading rather than making money. The process of learning will make you a better trader to trade perfectly. You can start trading for money once you learn the tricks of trading.

PART-TIME TRADER

Become a part-time trader when trading for full time don’t serve you the best results. For time being, consider trading as a part-time business and have another source of income until you become the best trader by learning the strategies and risk management. You can step into the market as a full-time trader when you are confident and capable of managing the trade market and make profitable output.

TRY MORE TO OBSERVE THE MARKET RATHER THAN EXECUTING TRADE

The motto here is to earn money later by observing in the first stage. At first, start observing the market from outside and learn the strategies to trade and then only step into the market to trade to gain profit. Being in the market all the time is not leading you to make money, it leads you to over-trade. More traders lose money by over-trading. You will need more patience to sit back and watch the trade and step in when it is the right time. Only this will pave way for you to make money constantly in trading. 

“MONEY IS MADE BY SITTING NOT TRADING” - Jesse Livermore

MAKE IT YOUR PASSION AND LIVE FOR PASSION

Traders who make money are not bothered about money and profits. Whereas, people who don’t make money in trading always think of money. people who love trading make money because they are passionate about trading and love trading. They take trading seriously and work for it. So follow trading as your passion to make a profit. In other words, if you have passion you can step into trading.

CONCLUSION

These are a few goals which a trader must have to have an upgrade in his life via trading. Following all this goal consistently and repeatedly will allow you to become a successful trader. Make profit by developing the skills and setting goals.

“THE GOAL OF A SUCCESSFUL TRADER IS TO MAKE BEST TRADES. MONEY IS SECONDARY”  -Alexander Elder

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