Consistency is something we should all strive for. It leads to success.

As a trader, there are many obstacles that sometimes feel like personal attacks.

It can seem as if none of your hard work or long nights of planning matter.

In reality, nothing could be further from the truth!

Overcoming these impediments is the first step towards consistency and ultimate success as a trader.

This week @tradernatehere highlighted four of the biggest hurdles traders face and ways you can overcome them.

Be sure to give Nate a follow! He’s our lead writer at WOLF.

Now let’s get into it!

LACK OF CAPITAL 💰

Lack of Capital

If you are new to trading it is wise to start with a relatively small amount of money.

There is no need to risk large sums of money while you are still learning the basics.

This is why many new traders face the same problem of a lack of capital, or feeling like there is a lack of cash being traded.

What do I mean by this?

When I first started, I would get frustrated by the limited number of trades I was able to make.

I wanted to add more and more cash to the account.

I knew I was learning and the results were showing as much, so it didn’t make sense to risk more capital, but the urge was there.

I would constantly be in a position of running out of cash to trade for the day (because I trade a cash account) followed by what I thought were great trades that I was missing out on.

This frustration started to lead to taking larger trades in an attempt to make big gains quickly to level up the account.

In other words, I was tempted to ignore risk management and my trading plans.

And that is exactly what I did and failed because of it.

I learned a valuable lesson through all of it.

👉 click on my profile and continue