There is no fast track for taking your account from small to big. Skilled trading and discipline is what gets you to the next level.
FEAR OF FAILURE 👀
That’s great, but what if you fail?
I have news for you. You are going to fail many times at first.
Maybe you are unlike every other trader I have ever met and you will make huge profits right from the start, never looking back.
My money is on failure. Hate to say it, but that is how everyone learns the trading game.
You learn from your mistakes and if you are really smart, you learn from the mistakes of others.
Do not fear failure, embrace it. Take it all in like a warm cup of coffee in the morning, full of fresh thoughts and realization.
Then learn from every mistake. If you are honest with yourself, this will accelerate your learning curve faster than anything else.
Finding friends with similar interests and brutal honesty might be the best way to combat the fear of failure.
This is why you see so many trading communities.
Be honest with yourself, be ready for failed trades, and build off of them.
BURNOUT 🔥
Another reason you see a lot of great communities in the trading world is the fact that trading can be a lonely venture.
After all, it is just you and the price action. Those screens can get pretty cold and stale to look at.
There is also a lot of time commitment inherent with becoming a successful trader.
Your days can feel disrupted, especially if you are on a losing streak of any kind.
To avoid burnout there are a number of simple and somewhat obvious things you can do that most of us simply don’t do.
I like to be intentional about getting away from the “trading desk" and stock market information.
Give your brain a break.
It is easy to get completely consumed by trading and there is no doubt it will impact your mood some days.
You must find ways to decompress.
If you step away purposefully, dedicate time and thought to other things in life that interest you, I guarantee you will benefit from it in multiple ways.