The model of the successful trader

No trader has been trading all his or her life

I started trading in 1997.

So I cannot state that I have been trading all my life, as I believe nobody can.

There is always a beginning, and when you start you are exactly like anyone else

starting something: doubtful, confused, maybe a bit clumsy, and if you add some

insecurity, the recipe is made.

By 2009, in the 12 years since I started trading, I had seen at least 3 important

crashes on the stock exchange: the one on the Japanese market, the 9/11 crash

and, finally, the one that involved the whole financial world and is still having an

impact today (2010) all over the world.

The beginning is the first phase, the one that is for brave, passionate or simply

curious people, but the results fill the white pages of your own story only because

you started one day.

All traders have had some difficulties

All the jobs in the world and all the professionals face some difficulties in their

careers, why should a trader not face any?

The first difficulties are those that define the boundary between earning and losing

money.

If we think about this, these are the most important difficulties and those which will

determine whether the trader succeeds or quits.

The trader who quits is the one who is tired of frustrations and failures or the one

whose capital has been reduced to zero by the number of failures .

But there also are traders who operate for years and then, facing a long-lasting

period during which they lose or do not perform, prefer to quit because they have

lost confidence in trading or in themselves. Losing confidence in oneself or in the

trading world is the biggest reason for failure for those who have achieved some

results over a long or short period. But then fall out of love with trading when facing

a difficult test. The thing is, those people did not think they would still have to face

such a trial after quite a long successful period in trading.

Difficulties have existed, do exist and will always exist even in the life of a super

trader who has faced the market for years and managed any amount of money.

We cannot know what we are not prepared for until the day when, unexpectedly, it

turns up at our door.

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