I have been into trading for quite some while now and from time to time i keep noticing this very pattern which is that some persons who starts out in trading don’t usually stick around for long. Many of them quits half way, while some others  manages to stay consistent in it for years. The question is, why does this happen?

From my observation I noticed that many of this  traders that gives up easily and stops halfway came into trading after seeing “profit screenshots” on social media from experienced and seasoned traders . This filled the head of some of them with the notion that trading is some sort of bed of roses. When this traders eventually started out and incurred loses instead of profit, they give up quickly because their expectations were never realistic to begin with. The  truth is, trading is not a bed of roses. Here are some of the things that those who last and stay consistent overtime do differently:

• They accept the reality of trading which is that profits may sometimes take time to come , and that losses are inevitable they are part of the process.
• And when they encounter loses, they don’t treat it as the end of the road, they rather see it as a means to improve themselves the more
• They practice proper risk management  by  making use of sizing and stop-loses and they also dont risk more than they can afford to loose.
• They keep their emotions in check, by not allowing greed or FOMO, forcing them into trading.
• They treat trading llike a business by having a clear plan, and target etc.

Meanwhile, those who quit often come in with the wrong mindset, expecting trading to be a shortcut to wealth. When the market doesn’t meet up with their expectations, they leave disappointedly. That is why it is important that every new trader should note  that Trading isn’t a get rich quick scheme,  profits may take longer than expected and also, losses are a normal  part of trading.