Is trading for you?

Are you ready to see beyond the charts?

There is a truth of which we should all be aware TRADING IS NOT FOR EVERYONE, yes, just as you read it, and the faster you accept it, the better for you.

You may be surprised, but I say it that way, because the vast majority of people make the mistake of not delving into researching and studying what it is and what it means to operate and be a trader; and no, I am not saying that it is limited only to people who are wealthy, anyone can do it but you must commit and focus, only then you will learn.

I am not looking to focus on explaining what trading is, I want to touch on the psychological issue of trading, which in my opinion is just as important as learning to use chart analysis tools.

I believe that there are fundamental aspects to take into account when starting to trade, and I write from my experience, I am not an expert in trading, however, I have set myself the task of understanding the mental issue in the same way as understanding a graph, because it is useless to know how to read bullish candlestick patterns or make use of the ichomoku cloud, if your mind blocks you when making buying or selling decisions.

Let's start with what is perhaps obvious, if the money you use to invest is the money you need to live, you are making one of the biggest mistakes, maybe you have the expectation that you are going to multiply that money but most likely it is that you be liquidated. Trading is not a matter of luck and trading does not give away anything. Do not listen to those trading guru who assure you that with a small investment you will become a millionaire. The best investment you can make is to study and even so at first you will lose much more than you earn, remember to be disciplined, only then will you see long-term results.

If I have learned anything, it is that time is very important when entering the world of trading, what do I mean? You have to be willing to invest not only money, but also many hours of training and practice. The time you spend learning to read charts, make correct use of indicators, know what type of operations are best for you, understand market sentiments and much more, will help you enormously.

“Many people want to get the rewards of being a good trader without being willing to suffer the commitment and pain that comes with it. And believe me, there is a lot of pain in the process." Bill Lipschutz.

Commitment, that word has a lot of weight, you need to commit to yourself, and you need to be passionate about trading, because it is not just enrolling in courses, you must also investigate on your part, have an attitude aligned with your thoughts. Ask yourself if you are hungry enough for knowledge that the effort you have to expend is not a burden, because then you will think like a trader and not just pretend to be one.

As you can see, each aspect is oriented towards emotions, and it is that when opening a position or closing it, emotions play a relevant role, which is why we must learn to manage them, because it is impossible to operate with fear, arrogance, or greed. It may be easy to say, but this is a difficult path to travel. And it is that we have all asked ourselves "what do I do? If I go in now it goes down? and if I don't go in and it goes up? Doubts collapse our ideas and thoughts and guess what? The market doesn't care about your concerns.

I like the analogy that I have heard and read that being a trader is like being an athlete; just like a tennis player is going to play a championship final, or a soccer player is going to represent his team, both need motivation, patience and concentration, and the trader also requires it due to the high levels of tension and stress that having an open position generates.

To conclude, do you want to be a good trader? You should definitely take into account the psychology of trading, if you don't, being successful in this field will be difficult. And if you are already a trader, I recommend:

• Be humble even if you have good streaks in your operations.

• Read A LOT, instruct yourself A LOT, every minute you spend studying will be rewarded with positive operations.

• Connect with communities of traders who support you, and not just because you are looking for buy and sell signals, look for real support, where you can talk if you feel out of place or have doubts, sometimes we just need to vent.

• Take all the time you need to analyze your failures, and always remember that failure is the fastest way to learn.

• And finally, have times of disconnection and peace in which thinking about trading is the last thing that comes to your mind.

TradingView @tradingview

There are traders & investors across the globe. There is NO perfect technique or strategy that works for everyone. We all have different needs, timeframes, and life circumstances. Take time to find the perfect approach for you.

Now, are you ready to answer the question "is trading for you?" Let me know your answer and what you think in the comments.