What preparations do I need to make to trade for a living?

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In the trading field, making a living from trading is one of the ideal states pursued by many traders.

Because we simply cannot refuse the temptation of "freedom".

So, if you want to make a living from trading, what should you pay attention to before you fail?

1. A stable source of income

People like "freedom", but some of them cannot "delay enjoyment". Therefore, they plunged in directly, and with the yearning for "stable profits", they directly started trading for a living.

This choice seems beautiful, but in fact, most of the final endings are miserable.

Why?

Because, if you dare to directly become a full-time trader when you don't have a huge profit, you basically don't have an insight into the truth of "stable profit".

They are more of the lucky ones under the shadow of short-term luck.

In their cognition, as long as they make a stable profit, they can immediately turn into an ATM, withdrawing money stably on a daily, monthly, or at best quarterly basis... Only when they think this way can they directly and decisively become an ATM Professional courage.

But in fact, there is no standard for "stability" in the so-called "stable profitability".

Trading is dealing with uncertain fields and uncertain existence. Even if your logic reaches the top level of positive expected efficiency, you still cannot guarantee your absolute stability. You may experience continuous losses for several consecutive months, or even an annual net loss. You simply cannot guarantee that you will make profits at a 100% fixed pace.

This situation is faced by every trader. Notice I said EVERYONE. Whether you are a genius far beyond those of Buffett and Soros, you cannot escape.

If a trader can understand this, he can truly understand speculation and trading, and if he can understand this point, he will not directly go to a full-time job until he has not obtained enough super large profits.

Because he will know that there is no such thing as a "stable profit" that can be determined.

Therefore, my first suggestion is: on the basis that you don’t have a mine at home, and when you don’t make enough money from the market, don’t directly become a so-called full-time professional, and start trading directly for a living.

Believe me, this kind of you may be more like a gambler who is eager to make huge profits and loses his eyes.

What you need to do is: Have a steady source of income. Because the early stage of the transaction is a process of paying a large amount of tuition fees. You have to make sure you can afford it.

At the same time, even if you fail in the end, you can still maintain your current life, and it is the right choice to pursue trading on the basis of controllable overall risks in life.



2. Attitude

On the basis of paying the tuition fee, it is very important to be clear about your own attitude.

You may think that you have a superior IQ, that you are a genius, that you are a natural trader.

But trust me, you are a newbie.

A novice who is weak to the limit.

Don't underestimate the heroes of the world, and don't despise the professional ability of professional speculators.

What you need is to learn, and you need a lot of experience and thinking to have a slight chance to become a master. If you can think this way, then you will be cautious.

In the early stage, it is too important to be cautious and humble, otherwise the profit caused by a short-term luck may make you go directly to the sky, and then start to try every means to control the scale of funds that you can't control at all to send money to the market. If you obtain this amount of funds through debt, it is even more terrifying, and it may directly overturn your future life.

I have never seen any natural traders, it is only through hard work that they have forged a strong enough cognition.

Trading is the field of late development, you must have this awareness.

Slowly escalating awareness.



3. Fund management

To put it bluntly, it is the most perfect choice to ensure that your total capital scale (including life and transactions) is on a risk-controllable basis to practice trading skills.

Based on this perspective, early light storage is a must.

The so-called light warehouse identification standard is: liquidation will be very distressing, but it will not affect your current life, and you can still save money to continue to accept training.

The second item is to win and lose.

On the basis of controlling the cost of liquidation, use the floating profit to slowly expand the scale.

It's human nature to overestimate yourself, and you need to try to stay calm. Don't just sell your house or car and stud directly after making a profit.

Let your account equity tell you whether you have the ability to control more funds.

This process should be carried out slowly.

The funds you can control are highly matched with your trading cognition. You need to give your account, give yourself a little patience to fix it.

Speculative trading is about risk, and it tests your ability to deal with risk. From the moment you enter the market, you have already entered the market. Both your account and your life have begun to face the impact of uncertainty, and you have to have the ability to control it.

Naturally cautious, with a high sense of risk, for traders, it is not a shackle, but more like a talent.



4. Make a living by trading

Finally, let's talk about making a living by trading.

Many traders, under the banner of trading for a living, give their laziness and ignorance an excuse, and put on a gorgeous cloak for their desire to lie down and make money.

In all fields, there is never a shortage of people who want to get something for nothing.

Trading for a living is a result, not a process.

Trading for a living describes your state after you have mastered your skills. You can make a living from trading, but you don’t necessarily only do trading. It describes that you have realized the power to freely choose whether to make a living by trading through transactions.

And for this result, you need to make every effort to ensure that you can continuously refine your trading skills.

Don’t make a deal, think that you can make money every second, don’t look down on any profession, just want to lie down and make money... Don’t listen to the ancient myth that if you give me a hand of corn, I can make hundreds of millions in a few days, there are not enough If you don't have sufficient risk-taking ability, you can't get up at all with one hand of corn.

It's time to go to work, move bricks and bricks, and save more principal.

You have to remember that no one cares about the process of your hard work, no one cares whether you are full-time until the end, people only care about your final outcome.

After the success, talk about your original intention with wine.


In fact, on the day when you really make it big, you may not be able to stand the so-called "professional trading" at all.

Because your cognition has been firm enough to be calm, and your behavior has been extremely efficient. You know that the so-called speculative trading is just a lot of repetitions of correct behavior and positive logic.

You will find that this seems a bit too boring.

Because of lack, because of being uncontrollable, so longing. When you really own and can control it, you will find that it is nothing more than that.

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Last updated: 09/02/2023 23:02

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