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Most investors share a common objective: to profit from their initial capital. This goal is rational because investing is primarily driven by the desire for financial gain rather than personal satisfaction. However, achieving profitability requires deep knowledge, practical experience, and luck.
In markets like forex, stocks, commodities, and especially crypto, becoming a successful trader demands dedicated time for learning and accumulating experience. No one becomes a skilled trader overnight; it necessitates adopting methods and maintaining discipline in trading.
When referring to a "true trader," it underscores someone who applies methods and discipline rigorously. This requires perseverance and passion because learning and gaining experience is a prolonged and challenging process. Yet, it's the essential path to success in investment markets.
It's regrettable that many newcomers or even seasoned traders avoid investing time in learning and gaining experience. Various reasons, both objective and subjective, drive them to rush into the market seeking immediate profits. However, the fundamental question remains: "Can everyone profit from trading?" Indeed, the answer is "YES." Anyone can make profits in trading without prior knowledge, experience, or a structured trading plan, but this outcome is mainly due to luck. The question then becomes whether luck can be consistent—a question each individual must answer for themselves.
Relying solely on luck may yield short-term profits but is unlikely to sustain them over time. If this sounds familiar, you risk burning through your account overnight. Hence, successful trading demands methods and discipline.
Therefore, what kind of method do we need?
To establish an effective trading approach, you must develop a robust trading plan and diligently adhere to it. For those unfamiliar with creating a trading plan, review it here. And for those lacking discipline, revisit the principles here.
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