Recently I communicated with an acquaintance and told him that I trade in the stock markets. He was interested, but as soon as I explained to him how everything was in fact, he went down and lost all interest. I am glad that I managed to save a man, though the money was not about...
And then I realized. It is necessary to explain to all the newcomers what they are doing. Lots of people know that the trader's profession gives money, but very few people suspect what one has to go through in stock trading at the beginning of the way.
I decided to write a short essay "16 reasons not to become a trader".
Here they are:
1) You have no idea what you're going for. Your path will be strictly individual, and few people will be able to help you
2) You may learn things about yourself...these traits...these discoveries will likely send you into shock
3) You are unlikely to experience this amount of stress anywhere else.
4) You'll have to compete with the best minds on the planet every second
5) Trading is hard work, you won't make any money unless you give it your all.
6) As soon as you relax - the market will try to screw you.
7) It takes a long time to adapt, find your style and start earning money.
8) The market is constantly changing, you have to be in motion and adapt
9) It's impossible to reach the "top" and stay there. It's like an escalator - you either move, or you go down.
10) Few people will be able to understand you, only other traders. A lot of people will try to lead you astray. Only very confident people will make it to the end.
11) You're going to need support in any way. If you don't have a person who helps you in difficult situation - your mom, dad, sister, brother, wife or husband - you are unlikely to succeed.
12) You must have a monetary safety cushion, you may not earn money for more than a year.
13) Trade alone is impossible - only in team you will not break. To create such a team is not an easy thing.
14) You have to learn to fully relax and rest. This work will be exhausting, and will suck most of the strength. Do not learn to relax - you lose.
15) This is not a game, but a serious job - here you must be serious and businesslike.
16) Only 5-10% of the beginning traders will have real success.
If only this part of the pitfalls scares you - don't go into the stock market.
If it scares you - the market will make an omelet out of you.
"This job will either make you a paraplegic or a millionaire" My aphorism.
If all this didn't confuse you, but only piqued your interest, go ahead and do it.
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