I hear it all the time—excuses from people who are reluctant to start trading.
Some say, “I don’t have the disposable income to trade.”
Others complain, “The market is stacked against me.”
You name it, I’ve probably heard it.
And truthfully, if you trade long enough, you’ll probably go through a rough patch where it feels like you can’t win.
Believe me, I’ve been there!
In fact, if you read my blog post from a while back, you’d know that when I first started, I made zero dollars for three whole years!
But let me be clear—you can’t let this stop you from moving on. Boy, was it tough, but I didn’t let it stop me!
Your success (or lack thereof) in trading comes down to one thing: your decisions.
You’re in control of your trading destiny.
Does the market surprise even the best traders sometimes? Of course. But when it does, the blame isn’t on the market…
That’s on you.
You have to figure out where decision-making went wrong, learn from it, and make sure you don’t repeat the same mistake.
Let’s talk about some of the most common excuses for not trading and why they don’t hold up.
The Money Excuse
“I don’t have enough money to trade. If I had more, I’d open a trading account.”
I hear this one a lot.
However, the truth is starting with a large account can actually work against you.
Why?
Having all that money causes many people to risk too much before developing a reliable strategy.
Ask yourself the following:
How much should I risk on each trade?
Am I more comfortable trading long or short?
What types of setups work best for me?
You’ll answer these questions as you learn and gain experience.
Success isn’t about starting big. It’s about stacking small wins consistently.
Read my blog post to learn how to start out with a small account.
Don’t let the money excuse hold you back. It’s bogus.
The Time Excuse
“I don’t have enough time to trade. If I had more free time, I’d focus on learning the markets.”
If you want to succeed as a trader, you have to make sacrifices. Time is one of them.
When I first started trading, I was running my own business so trading every single day just wasn’t possible…and that’s okay.
And if you don’t want to be glued to your computer all day, swing trading could be a great option for you.
Learn more about swing trading here.
If you look hard at how you spend your day, you’ll probably find time you’re wasting. Cut out the fluff and use that time to study the markets.
And don’t underestimate part-time traders. I know plenty of people who juggle their day jobs and still find time to crush it in trading.
The Knowledge Excuse
“I don’t know enough about the market to trade effectively.”
This is an easy one to overcome.
When I started, I wanted to succeed more than anyone else, and I was willing to put in the work.
I studied the market like a maniac—charts, patterns, news, you name it. And that’s how I got better.
And you can do it too…
Join our StockstoTrade community.
We have tons of free live webinars that run all day and offer trading tips and tricks, info on our Oracle trading system, and other valuable training.
And if you’re looking for even more trading mentorship as well as stock ideas, subscribe to my StocksToTrade Advisory service.
Every STT Advisory member gets a monthly newsletter with a list of my top picks, three weekly videos with my watchlists, bonus reports, and more.
Sign up for StocksToTrade Advisory right here!
You don’t need a degree in finance or the business savvy of Warren Buffett to be a great trader.
All you need is passion, dedication, and a willingness to learn.
My Final Thoughts…
If you’re making excuses for why you can’t succeed in trading, stop.
Whether it’s money, time, or knowledge, these are just barriers you’re creating for yourself.
Trading isn’t easy, but the path to success is clear:
- Start small and stack consistent wins.
- Sacrifice time to study and grow.
- Embrace the learning process and never stop improving.
Your success is up to you. So stop making excuses, take control, and get to work.
Have a great day, everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade
P.S.
Inauguration Day on January 20th is coming up fast…
The market went insane even before the Inauguration…
And Tim Syke’s former student and trading prodigy, Jack Kellogg, sees it getting even crazier afterward.
That’s why he’s going live at 8 PM ET on Thursday, January 16th, to discuss what he thinks will be an unprecedented trading opportunity.
He calls it a “Freedom Window,” and he wants you to know about it.
Plus, he’s giving away a FREE trade idea to take advantage of the boom BEFORE it happens.
Get ahead of the action by registering now for the Freedom Window event!
You don’t wanna miss this!