Lack of passion

When people come into the world of trading many think that they only need to learn a strategy and follow the rules of that strategy. And, there are some people who actually do this for awhile. The problem with those who do not first get a good foundation of the markets is that when the markets change or when they have a drawdown, they start making mistakes. Those mistakes lead to self-sabotage even in the healthiest of minds.
There are those who are only trading to make money. The process of trading is not enjoyable to them at all. When you do something you do not enjoy, eventually your subconscious mind will figure out ways to make you stop.
Those who start out with passion very often find that those feeling are not there any more when they realize how much work and in some cases sacrifice there is to becoming a trader. When the passion goes, the motivation goes.

Lack of money

Any entrepreneurial endeavor needs money to make the business profitable. Too many people come into the trading business with the idea that the money will somehow appear, someone will give

Continue Reading