Monday, February 24, 2020

What do professional traders do that fans don't do?


OK, first, you have to look beyond the hype. I hope you are now beyond falling in love with these tricks. There is nothing easy in earning money from financial markets. Honestly, I think that we (humans) are not connected to make money with the markets. Trade goes against human behavior.

Taking losses, being patient, being disciplined, focusing on managing losses and performing low-risk operations is not what we want to do.

I always say to put yourself in this scenario.

Go to your bank manager (who just received a $ 1 million tax payment) and, therefore, is in a very good mood. You ask for a commercial loan of $ 500,000 to negotiate in the markets. After a little persuasion, you agree with this and go. You are in business

Now, obviously, he didn't "give you" that money. You must return the 7% annual interest and you are forced to back the entire loan with the house of your dreams that you have paid. Very kind of you.

There you go You start early and with your $ 500,000 business loan and start trading. Now what would you do?

For starters, there is no way you should even trade if you don't have a system. A proven system that has changed for at least a year. I mean ... I don't need to say this right?

Would you take big bets with this account? There is no way you can do it. Now he would focus on keeping those losses small. You would be ecstatic with an annual yield of 25%. Hell, anything above 15% would be great. There would be no need to bet and get big winnings. His approach would be not to lose money from banks instead of earning as much as possible.

I bet your negotiation would now take on a completely new personality. Gone are the high-risk betting operations with an excess of leverage and would enter only by taking the best operations with a low-risk leverage. Why ... you would actually start trading like a pro.

So, if you would do it with borrowed money, why not do it with your business account? Become a professional trader and say goodbye at the time of the fans. One leads to constant business growth. The other leads to the poor house. Guess which is which.

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