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Home > Trading Story: Trading Interviews, Tips & Inspiration For Newer Traders > 28 - Ten Reasons To Trade the Markets
Podcast: Trading Story: Trading Interviews, Tips & Inspiration For Newer Traders
Episode:

28 - Ten Reasons To Trade the Markets
Category: Business
Duration: 00:13:11
Publish Date: 2015-06-25 02:00:00
Description:

Consistently profitable trading is hard.

If anyone tells you differently, they probably haven’t done it very long (if at all) or they’re lying. And forget about taking advice from someone like that.

In my own trading I’ve had streaks of winners and streaks of losers. The winners can lull you into thinking you’ve got this thing figured out just before the next trade wipes out all the wins (or more) of those winning trades. That gives me a lot of respect for anyone who can turn in 20+% returns every year.

It’s a tough business.

So why is it important to stress the difficulty in trading?  Because it’s worth the effort to overcome the difficulties. Not only do I think it’s worth it, but if you’re listening to these podcasts, you probably think it’s worth it too.

You have this unexplainable drive to trade consistently: you’re staying up late looking at charts, buying trading books, attending conferences, or hiring coaches. The goal is worth the price paid for in time, energy, and dollars. Dollars spent both in losing trades and education.

But why? Have you ever laid out the exact reasons you’re trading?

This episode focuses on exploring the various motives behind people trading the markets – I’ve got 10 main reasons. As we go through these, think about where you find yourselves in the process.
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