There is a statistic that 90% of traders lose 90% of their money in the first 90 days. I don’t think this is entirely correct, because probably 80% of those people come into trading and treat it as gambling, and then there’s the 20% of people that find some consistency and put in a real effort. Finally, there is the 10% that grinds day in and day out, and over time things just start coming together.
At some point you realize trading is not just hard, but it is nearly impossible (nearly). Most people quit when they realize the work that’s needed to be done, and others will quit just when they’re on the verge of turning the corner.
Trading is a long process, and you see no visible progress for a while, but the foundation is being laid with the lessons that you’ve learned and the knowledge that you’ve gained along the way; it takes time for those results to come out.
You’ll learn that focusing on the money is not the way to go, but actually learning a system, a process, and sticking with it is the key. Stop focusing on the money and focus on learning how to trade.
We all want to make money, but at the end of the day, if you’re afraid to lose, you’re going to snatch profits too early and let your losers run, hoping that it’ll come back—a surefire way to blow up. Everybody goes through this, and this is why trading is unique and special, and only other traders will know this behavior. It’s all part of the trading journey.
