Markets are about trading. Period. If your goal is to have a very successful 2018, then stop guessing, predicting, following gurus, and following people who constantly babble about useless concepts/news/emotions/hyperbole but have no clue how to actually trade successfully. All of this crap is just causing you to be confused, reticent, pessimistic, and lacking confidence.
Instead, start learning what truly makes a trader and/or investor successful. Put your head down and work hard. This business is extremely difficult, but the payoff is huge. I struggled, struggled, and struggled more, but eventually it paid off – and gave myself a very nice life. But it was the struggles which led to the success. If you’re mentally tough, then the struggling you go thru will payoff for you..hugely. The clouds will lift, if you – learn what to focus on, recognize how confusing time-frame issues are, work hard, ignore all the naysayers….and stay positive and optimistic. And above all, maintain a winning attitude.
And know that what you’re going thru is the same thing everyone else who eventually survived this business went thru. You think you’re different? You’re not. It’s part of a process which most people just will not want to go thru. And I never criticize anyone who doesn’t want to deal with it. But honestly, looking back, it’s a relatively short time spent struggling, and it’s extremely satisfying to know that you are “part of the club” who did it. After those first few years, it was very gratifying (and shocking at first) when one of the other experienced floor traders would ask me what I was doing in the market. It was a sign of respect.
To this day, I still work hard, and am consistent about it, but I’m much smarter about what to work on, where the focus should be. And it certainly isn’t about cruising around and seeing what everyone else’s predictions and guesses are. If that’s your approach to your market work, then good luck. You’ll need it.
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