[You must have realistic expectations when it comes to trading | The Real Rayner Teo

[You must have realistic expectations when it comes to trading]

Most people don’t have a realistic expectation of trading.

They assume they could take a weekend course, master a few chart patterns, and then start generating an income from the markets.

But here’s the truth:

Trading requires a professional skillset just like doctors, engineers, lawyers, etc.

You don’t graduate from medical school after a weekend course or become an engineer by learning a few mathematical formulas.

There’s a steep learning curve involved and you need time to gain proficiency (at least a few years or more).

And it’s the same for trading.

You don’t become a trader just by memorizing a few patterns, setups, etc.

Yes, you could make money from clicking the mouse but, there’s more to it that goes on behind the scenes (like developing your edge, risk management, position-sizing, etc.).

So, give yourself time to learn how to trade.

Don’t look for shortcuts. Don’t try to get rich quick. And don’t think you could quit your job soon.