Why Should You Never Give Up on Trading
You should never ever give up on your trading activity, even if you are making losses.
I would like to give you an example to illustrate my point.
There is this famous story of a Chinese Bamboo Tree, in which you plant the seed of that bamboo tree, and nothing happens for the next four years.
You plant the seed.
You keep watering it.
For four years, nothing happens there.
Only the roots of that tree grow stronger and stronger, but nothing comes above the ground.
But in the fifth year, suddenly it sprouts.
And it grows around 30 meters tall in less than 5 weeks.
So the question is: did it grow 30 meters tall in five years, or 5 weeks?
The answer is very simple.
It took five years for those 30 meters to grow.
First, it was trying to build its foundation, the roots.
And then it came up the ground, once the foundational work was complete.
Similarly, in trading, you will find out that, for one or two years or may be more, you are not making any progress at all.
Chances are very high that you are incurring losses.
However, after this struggling period is over, you gradually begin to see consistent positive results in your trading on a monthly basis.
That's where the turning point is happening.
In the foundational phase, you are doing trial and error.
You are attending courses.
You are reading books.
You are trying out different strategies, until you reach a level where you find something, that really works for your personality and your temperament.
This is what happens most of the time.
Have a look at the life history of any professional trader in the world.
Almost everyone has been through this foundational phase.
So do not get discouraged.
Keep at it.
One day, the sprout will show up.
From there, you will become unstoppable.
So, keep trading.
Keep learning.
While you do that, keep your position size and risk very low.
Do not lose too much money while learning.
By the way, if you are new to my content, I encourage you to have a look at my detailed video training program on trading.
It’s called the Japanese Candlesticks Trading Mastery Program.
Thousands of men and women from more than 163 countries have already enrolled into the program.
They have lifetime access and are currently learning from it on a daily basis.
If you want to become a professional trader, this program will help you.
It has got multiple levels of video training.
As of this writing, it has got 10 different levels.
Each level is of multiple hours.
And you will learn from more than 1,000 chart examples, if you go through all of these levels.
By the way, I continue to add more levels to the program.
The program continues to evolve.
I encourage you to start from level one and then proceed to the future levels.
Have a look.
Here is the link:
The Japanese Candlesticks Trading Mastery Program
Thank you.
Regards,
Rohit Musale, CFA
30 January 2023