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New traders often expect to make money immediately, and when they don’t, their trading is affected. They start to focus on the wrong things if they don’t get the results they expect. Some grow their trading volume hoping to make more money. Many are discouraged and don’t prepare hard. They think, ‘What’s the point of getting ready when you can’t make money anyway?’ That’s why they start putting adventurers they’ll never let go of successful and experienced traders. That’s how they become gamblers. This only leads to greater losses and increases the problem.

There is no single right way to make money from trading. However, there is only one right way to start a trading career. In other words, when you start out, you should focus on the trading process rather than on how to make a living. You should allow at least six to eight months before you can make a steady profit. If you are not willing or able to do this, you should look for another job. Some people cannot devote that much time financially or psychologically. In this case, you must find another job as well.

It cannot be overemphasized that the results do not matter at all during the first six months. The results do not matter. During this period, you will lay the foundation for your lifelong career. Do you think the results during the first six months are important in year 10 as well?

Be a Trader, Andrew Aggies