Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

Competition.jpg

 

Have you ever been excited about a new experience? Maybe heading to the golf course for the first time or going to the go-kart track to show your stuff? Do you remember the butterflies and excitement building inside as you near this new experience? It's common to have such exhilaration when a new experience arises.

 

Just imagine with me for a moment, that you were going to have some weekend fun with the family at the go-kart track. As you seat yourself into the kart your smile is ear to ear. You feel the butterflies fluttering as you rev the gas getting ready for this experience. Prior to taking off, you glimpse over and notice your family giving you the thumbs up, chanting things like go dad, you can do it, you can take these guys, show them who's boss. Suddenly you realize your eyebrows are lowering, your smile moves to a determined grit and you now have something to prove. This is not a fish story about the one that got away; you have a live audience!

 

This friendly little driving around the track has escalated to the Daytona 500, so it seems. You move onto the track with fierce determination and no experience I might add. That's ok, how hard can it be, I drive to and from work every day and have never had so much as a fender bender. You move around the track like you're the only one there and suddenly you get squeezed out and your kart slams into the tires. As if that is not enough, you get rear ended from another kart. That actually hurt. With pride on the line, you immediately get back into action only to have a similar experience. This one could leave a mark! Now intimated by this new adventure and in a great deal of pain, you finish your ride and force your smile every time you near your rooting family with the bulk of your thoughts concentrating on when this ride will be over.

 

I share this story with you to press upon you how most people enter the trading environment. Excitement turns into determination which often leads to pain. If you FIRE before you AIM that is...

 

The bulk of new traders will embark on their new career this year that is similar to the story above. They fail to practice, and get kicked around and 90% of them will not exist as a trader in 12 months. They have told all of their friends about their new career and when they ask how things are going they shrug it off with "The market is not right yet" or some other excuse that is just as poor as the first one.

 

You see, people that want to start trading to offset their income or potentially make a career of it have no business entering the trading environment until they get education and practice. The title of this article is how most people attempt everything. They get READY and FIRE before they know what they are really AIMING for. Some ventures may be forgiving but Wall Street takes no prisoners. It will under-handedly seek out anyone with little to no experience or practice and make sure you end up in the tires.

 

Do not let that happen to you! Do you walk over to the fireplace and ask it "If you give me some heat, I will give you some wood"? No, it doesn't work that way, nor does trading, and you absolutely have to get education FIRST. Many people only have one shot at this, burn through your capital before education and you may never get the opportunity to share what is one of the greatest businesses on the planet.

 

I mean think about it, a business that you can work anywhere in the world with just a laptop and a internet connection; a business with no employees, no overhead, no inventory, etc... etc... Most businesses exist for 11 months to pay the bills and employees, only to make a profit in just one of the twelve months. Your trading career should not be taken lightly especially when you think about what you have your hands on. You should not open a business without education and training, so why would trading be any different? Trading potentially could give you more freedom and enjoyment than you could possibly imagine if you take the right steps to succeed. If you were to open a franchise do you think you could do that before you spend the required time practicing and learning the proper procedures? Not a chance!

 

Seek education, practice and have the desire to win, so you don't get "pushed into the tires".

 

Get READY - AIM -FIRE!!!!

 

Traders' Tip:

Pristine education is the single most proactive ingredient one could learn prior to risking capitol in trading. The Pristine Method has been proven time and time again as a technical approach that has been developed and time-tested over the past 18 years by Pristine. This dynamic trading methodology is now used by professional and semi-professional traders all over the world.

 

Make sure to register for any of our other FREE programs that interest you the most.

 

I would be happy to see you join us and to answer any questions you may have.

 

Jeff Yates

Contributing Editor

Interactive Trading Room Moderator

Gap, Intra-Day and Swing Trading Specialist

Instructor and Traders Coach

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • ...hallucinates.... Student: “What if we gave the monkey LSD?” Guru: “The monkey already did LSD”
    • Question: To those that had/have cancer, what were the signs that made you think “something is not right here” to make you go see a doctor? Answer: So, 5/25/2018, I woke up, got ready for work, and as I walked to my car, I started gagging. Like something was stuck in my throat and I needed to clear it. And then it went away.   But 10 minutes after that, I was T-boned at 40mph on the driver side door. But what made me see a doctor was while my muscles felt better and bruises were going away, the gagging still continued, I started having fevers, my neck felt swollen, I was having such a hard time breathing, and I'd have random sharp pains in my chest, but not from where the seat belt saved me.   2 weeks after the accident, I finally see an urgent care doctor, who looks me over, tells me I'm fine, but luckily requests a neck X-ray. And I ask for a chest X-ray, which he rolls his eyes but let me have (most of my pain was in the neck, so I understand).   The very next day, he calls and says “So, that chest X-ray shows there's a 4 inch mass on your heart and lungs, and your lungs have been filling up with fluid, as well as in your pericardial (heart) wall. We need you to come in tomorrow.”   Turns out the big mass, due to the accident, caused my heart and lungs to tear and fill with fluid, the swollen neck and gagging was caused by 2 metastasized tumors, and the fevers and weight loss were symptoms. Stage 4b Hodgkin's Lymphoma.   But thankfully, we went very aggressive with chemo (and had a lot of bad side effects that don't normally happen to patients), and now I'm about 16 months cancer-free. Yay lucky X-rays! Rachel Jurina, Quora Source: https://www.quora.com/To-those-that-had-have-cancer-what-were-the-signs-that-made-you-think-something-is-not-right-here-to-make-you-go-see-a-doctor   Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • As a man, the reality of life is the harshest part. I don’t mind looking older or becoming weaker over time; it’s nature.   Have you ever heard that the only people who will be loved unconditionally are women and children? Men will only be loved as long as they can provide until they are no longer needed. It doesn’t matter if you already did your best to get your kids to the best school or get the best things for them, if you stop before they’re done with it, there will be no thank you. The only thing they will remember is that they have to quit school at 15, ignoring all the previous 15 years of life you provided for them. The only people who will accept you, no matter what, are your parents. But in this situation, you might be that ungrateful child.   EDIT: Wow, I didn’t think this would get so much attention.   For those who disagree, I can only say that everyone has their problem. If you don’t get the chance to face such a thing, be grateful. Remember, sometimes what you throw in the garbage is something that someone wishes ever to have.” – ElZee, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • The good thing i had noticed so far is that the traderpot value is also on the rise..
    • yup its a gradual rollout the right way in my opinion, its really good and its exciting for the sto in 2027
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.