Tuesday, February 9

Why Trading the most difficult profession ?

Trading is difficult. Of the many that try, few realize enduring success. 90% are pure losers, It taken at least 5000 hours of screen time to be a successful trader, mind you its just one of the requirement of many you need to evolve yourself as successful trader.
If you can work tirelessly, wait long enough, and quickly recover from endless setbacks, you'll be one of the select few who survive and reap the rewards. It's true in many walks of life and it's true in the competitive world of trading.
To be successful as a trader, you must be willing to do whatever it takes, no matter how exasperating. The risks and sacrifices are many. You may not be able to spend as much time with your family as you prefer. You might have to work extra jobs to build up capital and pay for trading expenses. It is often necessary to focus exclusively on trading.
It's possible to make huge profits in trading. The difficulty is surviving. You can be at the top of your game one year, and looking for a new profession the next. Survival is important.
What's the sense of reaching the status of a master trader if you just burn out after a year?

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