BTC/USD

$67,621.90 1.03%

ETH/USD

$3,762.11 2.04%

USD/EUR

$0.93 0.05%

VIX

$14.28 10.53%

NASDAQ Composite

$16,920.60 0.58%

DXY

$105.12 0.02%

BTC/USD

$67,621.90 1.03%

ETH/USD

$3,762.11 2.04%

USD/EUR

$0.93 0.05%

VIX

$14.28 10.53%

NASDAQ Composite

$16,920.60 0.58%

DXY

$105.12 0.02%

BTC/USD

$67,621.90 1.03%

ETH/USD

$3,762.11 2.04%

USD/EUR

$0.93 0.05%

VIX

$14.28 10.53%

NASDAQ Composite

$16,920.60 0.58%

DXY

$105.12 0.02%

BTC/USD

$67,621.90 1.03%

ETH/USD

$3,762.11 2.04%

USD/EUR

$0.93 0.05%

VIX

$14.28 10.53%

NASDAQ Composite

$16,920.60 0.58%

DXY

$105.12 0.02%

7 Harsh Truths About Trading You Aren’t Ready to Hear

7 harsh truths about trading

Only the strong can accept these 7 harsh truths and be better because of them.

What drives you to be a day trader? Is it money and freedom? Do you want to impress others? Is it the ability to have control over your life? Whatever your reasoning may be… In trading, only the strong survive.

So, what are these 7 harsh truths about trading?

1. Mastering a strategy is the easiest part of trading.

Technical analysis is a concept that you can grasp.

The hard part? Your emotions. There are many underlying reasons for why your emotions are taking over while trading.

That is because emotions aren’t a concept that can be grasped. They’re a part of you that you don’t know how to manage yet.

Learning how to manage your emotions is the longest and most tedious part of learning how to trade. Most don’t have the patience or ability to do that.

That’s why only 5% make it.

2. Discipline is simple. You’re making it difficult.

The most common question we get is, “How do I be more disciplined?”

The answer?

By doing what needs to be done whether you want to or not.

  • Stick to your rules
  • Practice your strategy
  • Journal your trades

But you don’t want to. You want the life you see on social media.

I’m going to let you in on a little secret… to get the life you see on social media you have to spend years doing the boring work you’re refusing to do.

If you’re not doing these three things every day, you’re being lazy.

Do the work.

3. Whether you succeed or fail, it’s your fault.

The hardest (and most rewarding) thing to accept about day trading?

No matter the outcome, it was because of the decisions you made.

There is no other reason you are where you are right now. Whether good or bad, you did this to yourself.

This is a reality most people can’t handle.

4. Trading will teach you more about yourself than therapy will.

It tests your emotions like nothing else on earth can.

There are many days you’re left crying, depressed, and angry.

Trading makes you questions everything you’ve ever known.

But what you know isn’t what the market knows. You need to learn how to think like the market does.

You won’t be successful until you allow your way of thinking to be broken down and rebuilt by the market.

5. If you don’t control your pride, it will control your trading.

This is the hardest to accept of these 7 harsh truths. Your trading is going to go one of two ways:

  • You’re going to make it
  • You’re going to fail

What’s the difference between making it and failing though?

How able you are to be wrong repeatedly and keep going.

The more humble you are, the more quickly you’ll see success.

Why is that? Statistically, 50% of your trades will be losers.

If you can’t let go of your need to be right, you’ll never make it.

6. The market doesn’t care about you.

Stop trying to predict the market. It is going to do what it wants to do.

I like to think of trading like a waltz. In a waltz, there is a leader and a follower.

The market needs to be the leader in your dance.

If you try to lead, you will get crushed. But if you let the market lead and react to how it moves, you’ll find your trades will flow more smoothly.

Stop predicting, start reacting. Things will go so much better for you.

7. 95% of you reading this won’t succeed.

There is a reason that so few make it in trading.

The grueling mental work you have to put yourself through for years with little to no results…

That is something most people can’t handle. It’s something most people aren’t willing to put themselves through.

The pain is something that only the most committed and dedicated are going to go through.

Most people don’t want it bad enough.

They enjoy the idea of being a trader more than they enjoy being a trader.

Only the strong can accept these harsh truths and be better because of them… which of these 7 harsh truths resonate with you most? Let us know below in the comments!

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