Becoming a world-class trader takes more time, focus, and discipline than most folks can muster…
This is why 90% of traders FAIL, often blowing their accounts up and going back to their day jobs.
But after many years of watching certain traders flourish while others stumble, I’ve realized that a big part of trading success is something that many students overlook…
You must understand the big picture of your trading journey.
Too many newbie traders want to jump into the shark-infested waters of the stock market immediately, without grasping exactly what it’ll take to survive.
Think about this: Wall Street employs some of the smartest individuals on the planet in the service of one single goal — to move money from your account into theirs.
On the one hand, one bad trade can ruin you. On the other hand, it’s nearly impossible for one trade to make your entire career.
I want you to start seeing the forest through the trees and open your eyes to the big picture of your trading journey.
If you take your learning process one step at a time, you can understand everything you need to crush the markets…
With that in mind, today I’ll show you how to have a long-term vision as you learn the art of trading…
Practice Makes Perfect
A lot of newbies enter the market and start trading immediately, without any real preparation for what’s ahead…
But this isn’t a recipe for success … it’s a way to nearly guarantee failure.
If your goal is to be a consistently profitable trader, you must be willing to put in hours and hours of hard work before you begin active trading.
Start by paper trading. Try out different strategies, setups, and patterns with simulated dollars.
Prove to yourself that you can be profitable with Monopoly money before you go risking your hard-earned USDs.
Think about incredible sports teams. They don’t win championships if they don’t practice.
Paper trading is like a scrimmage for professional traders. If you miss practice, you’re probably not gonna win the big game.
There’s no better place to start paper trading than StocksToTrade — Try StocksToTrade for 14 days NOW!
Then, once you’ve paper traded to consistent profitability … start studying with intention.
Here’s what I mean by that:
- Build, reorganize, and update your watchlist…
- Mark up your charts with technical indicators…
- Paper trade to backtest both new and reliable strategies…
- Make a game plan for how you might trade the stocks you’re watching…
This is why I go over my watchlist and game plan every day before the bell rings in Pre-Market Prep.
Learn at Your Own Pace
It’s normal to get envious of other trader’s success.
I can relate. It took me four years to become a profitable trader and it took a lot of mental fortitude to get through it.
However, I eventually realized that trading is just like any other skill — everyone learns at their own pace.
By taking my time and allowing myself to absorb information at my speed, I’ve outlasted the competition by miles.
Some people are naturally gifted at one thing or another, but the vast majority of us must learn complex skills the hard way — by studying and doing.
So, don’t rush your trading journey, don’t get discouraged when you see other traders winning.
Remember: Comparison is the thief of joy.
Sweat over your technical analysis. Sharpen the edge that others are missing. Uncover the killer setups that everyone else is sleeping on.
In other words, do the hard work that the 90% of traders who fail aren’t willing to do.
Take the first step towards becoming a successful intraday trader and join us in the Daily Income Trader System today.
If you can accomplish these things — all while focusing on the big picture of your trading journey — you’ll be practically unstoppable in the stock market.
Have a great day everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade