Warrior Trading Blog

The Trader vs Entrepreneur Resemblance

Trader

The Trader vs Entrepreneur Resemblance

To me, it all started with a passion that I have had since an early age. Becoming a professional trader has always fascinated me. In a moment, I’ve finally realized that the regret of not having tried my hardest to make a living as a day trader overcame the fear of not being able to achieve it.

I’ve been working as an employee for seven long years after college before ultimately accepting the fact that that role wasn’t really what I wanted. I wasn’t happy any more to wake up and go to that work place but I refused to suck it up but, instead, I’ve made the decision to start chasing my personal dream. That was my point of no return and I’ve never regret doing this radical change. Moreover, I was surprised to realize how much my previous work experience and education I could reuse in a trading environment.

There is no room for “luck” in trading. Letting just improvisation to be the way for this practice to work nicely would only be the input for a certain failure. Then, it was time to translate this willingness into reality and I knew that a structured plan was an essential starting point for a successful endeavor.

In fact, being a trader is as serious as managing a business. No entrepreneur would expect to jump into a new market and start making money consistently from day one. Even the most successful one has passed through countless difficulties and is well aware that risk management is part of the journey. There are just two ingredients which he/she owes is success to. They are patience and hard work. If you aren’t willing to put enough sacrifice and dedication to this adventure don’t even start. Exactly like every other business, you have to love what you do, so that you can work with real passion. There is no way around it.

Hard Work Is More Important Than Natural Talent

So, there is one big “secret” behind being successful at trading, more important than any other technical skill: discipline. It all starts from a strong education such as the one offered by the WarriorPro program and a very high degree of rational rather than emotional decision-making. On this one point, the quantity and quality of the accrued experience is key. It is very important to keep in mind that there is no professional trader in the world that has 100% winning trades. That is why in order to minimize losses one has to apply a proven strategy that abides by a limited set of self-imposed rules that need to be completely assimilated before start operating.

Becoming committed to building a strong plan and, therefore, following one’s strategy is what separates a successful trader from the rest. A trader needs to stay on top of the markets and be aware of the tremendous amount of time and energy required to achieve the final scope. There is no such a shortcut to easy and effortless success.

Finally, do yourself a favor. Be completely honest in recognizing if you’ve the required level of motivation and energy to put into this trading journey. If you don’t, please stop it immediately and focus on something else, there are so many better ways to spend your money. In case you do instead, do not give up in the middle and always keep on learning!

 

“Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do” -Pelè

 

See you in chat-room!

 

Trade safe,

 

Roberto Barbaro