A ton of lessons to take away for that.
Let me tell you the simplest way.
You can only master trading or become master in trading when you will start treating it as a business.The day you start treating trading as a business,maximum problems will vanish.
Ask yourself do you actually treat trading as a business? Or are you convincing yourself that you are treating it as a business.For most of the people,treating trading as a business doesn’t clicks.Because if you go through your trades and cross-check them,you will begin to realize that for most of the trades you don’t stick to your plan.
If you are TRULY treating trading as a business,there is no doubt that you will be sticking to your plan 95% of the time.Because that’s how you scale the business.You don’t scale the business by taking trades that doesn’t make sense or are illogical.You scale by executing trades that are logical and follow your system.
N/B: It’s very easy to think you understand something,but once you begin to ask yourself the questions,you dig into the real answer and that’s where the true growth lies.
The mind once expanded by a new idea,never returns to it’s original dimensions.once you stop doing GAMBLING TRADING and start doing trading which follows a system that works,there’s no looking back.
I prefer to call it seriousness and self-discipline in trading that will bring us closer to getting more consistent profits. Many only trade for additional income and hope to get quick profits to increase their pocket money from trading. But if we are more serious about trading and think of trading like a big business that must be run very carefully then the percentage of success could be higher. Compared to people who only trade because they follow the hype and only make trading as a side business. In my country there are teenagers aged around 18 years who have been successful as traders. He has become a billionaire today thanks to his successful trading. And when he was asked how to become a successful trader like him? then the answer is quite short and concise. That is, if we want to be a successful trader, we must be total in trading itself. So we must make trading the sole focus of our work. And you can't do it half-heartedly.