You want to be a full time trader, yes? You want to be free from the daily grind of your current job, you want to have the money to do what you want and the time to enjoy it. You’re a good person and you want to help your spouse, your children, your grand-children and the poor kids on TV. This is the dream we are all sold with trading, especially if we are coming to it from a career outside of the financial world; “Work just a few minutes a day and then live life to its absolute fullest.”
Now let’s go back to our universal test: “Is anyone actually doing it”. This is going to be harder to quantify because we don’t have the numbers right in front of us. Meaning we don’t have statistically significant data to support or debunk the theory, and that’s a problem. Why? Well it’s a problem because if we don’t have hard numbers we have to rely on common sense, but that is easily swayed when what we want to “believe” is positioned in front of us as fact.
How many 4xMadeEasy type commercials have we seen, how many books have we read and how many advertisers and threads have we encountered that all go to great lengths to support the belief. “It’s easy, this is all you have to do, and if you do it you can be financially free”. Who doesn’t want to believe that…? It’s our human nature to want to be released from the hardships of life, and if this book, or person on this commercial, or personality on this board says its so, then I’m going to trust them, because it fits what I want to believe.
So back to the question: “Is anyone doing it?” Is anyone living that care-free lifestyle as a result of their efforts from trading? I’m certain the answer is yes. It’s like asking if Doctors or Lawyers who are the best in their fields are living on the higher end of society. Most certainly; are all doctors and lawyers living that lifestyle? Most certainly not. Are most of the Doctors and Lawyers you know living in the poor house; of course not. Do they work a lot of hours; absolutely? Did they have to struggle through years and years of education and then practice on the lower levels with tons of debt before they were able to get they’re head above water? Yes they did…
So let’s assume first off, there will be different levels of success for all who enter the gates, vastly different results. And only a small portion will reach those extremely high levels of success. Let’s also assume that any success in life will come at great cost and effort. Is there anything in that thought that sounds unreasonable?
Back to the question: “Is anyone doing it”. We’ve established that the answer is most likely yes, but now the question becomes, is it a statistically significant number? Meaning is there an average likelihood that we can duplicate their success.
What does YOUR common sense tell you? Never mind… What do you think I will tell you… J
Now let’s go back to our universal test: “Is anyone actually doing it”. This is going to be harder to quantify because we don’t have the numbers right in front of us. Meaning we don’t have statistically significant data to support or debunk the theory, and that’s a problem. Why? Well it’s a problem because if we don’t have hard numbers we have to rely on common sense, but that is easily swayed when what we want to “believe” is positioned in front of us as fact.
How many 4xMadeEasy type commercials have we seen, how many books have we read and how many advertisers and threads have we encountered that all go to great lengths to support the belief. “It’s easy, this is all you have to do, and if you do it you can be financially free”. Who doesn’t want to believe that…? It’s our human nature to want to be released from the hardships of life, and if this book, or person on this commercial, or personality on this board says its so, then I’m going to trust them, because it fits what I want to believe.
So back to the question: “Is anyone doing it?” Is anyone living that care-free lifestyle as a result of their efforts from trading? I’m certain the answer is yes. It’s like asking if Doctors or Lawyers who are the best in their fields are living on the higher end of society. Most certainly; are all doctors and lawyers living that lifestyle? Most certainly not. Are most of the Doctors and Lawyers you know living in the poor house; of course not. Do they work a lot of hours; absolutely? Did they have to struggle through years and years of education and then practice on the lower levels with tons of debt before they were able to get they’re head above water? Yes they did…
So let’s assume first off, there will be different levels of success for all who enter the gates, vastly different results. And only a small portion will reach those extremely high levels of success. Let’s also assume that any success in life will come at great cost and effort. Is there anything in that thought that sounds unreasonable?
Back to the question: “Is anyone doing it”. We’ve established that the answer is most likely yes, but now the question becomes, is it a statistically significant number? Meaning is there an average likelihood that we can duplicate their success.
What does YOUR common sense tell you? Never mind… What do you think I will tell you… J
Trade Small. Be Patient. Learn to Survive.