Does the trader know what he wants?
In this and the next article we will talk about the coaching session with one of the Trader's Club members. The topic of the session was "What are traders' expectations from trading on the market, and what prevents traders from being successful". It consisted of four parts:
- What goals do you set for yourself in life?
- Why and what are your expectations from trading in this market?
- What's stopping you from moving forward - what fears and concerns?
- What do you need to do to reach your goal?
Seemingly simple questions, but the problems presented themselves at the very beginning.
Setting a goal for a trader is half the battle
In this case, the main wish of the session participant (let's call him Alexander) was to travel more. A great wish, but when we asked him to tell us more about it, our protagonist hesitated.
It turned out that he already travels quite often, he just wants to do it even more often, and in order to do this he will have to quit his job, but also to maintain the existing level of income. Next, even more interesting.
Question: How do you want to travel? After all, there are many options - you can just pack up and go to another country (usually a warm one, but with the sea), you can go on a tour of Europe, for example. Do you have an understanding of the format of your new lifestyle?
It turned out that just this understanding was missing, there was only the phrase "I want to travel more. But we were able to clarify this as well. Alexander would like to fly to a new country and "test it out" for a week: if he likes it, he can stay for a month or a month and a half, and if not, he can leave for another country. At the same time, he doesn't plan to spend the whole year abroad, his format is part of the year there, part of the year at home. And then the most interesting thing comes out.
"He who does not know where he sails has no tailwind" (Seneca)
— А что ты будешь делать дома?
— Встречаться с друзьями.
— Ок, вот ты прилетел, сидишь дома весь день, работать тебе не надо, а все твои друзья работают и могут встречаться с тобой только по вечерам или в выходные дни. С кем ты пойдешь в боулинг или бильярд днем? Неделю ты походишь один, а потом?
— Надо подумать. Родителям больше времени буду уделять.
— Хорошо, это важно, но сколько дней в месяц ты готов сидеть у родителей? Первые пару дней ты расскажешь им о своих путешествиях, фотки покажешь, пару дней поможешь по дому – а дальше?
— Не знаю, надо подумать.
— Ладно, вот тебе и первое задание – Form a clear vision of the goal, the way of life you want to come to. As you can see, it clearly goes beyond the phrase - "I want to travel more," which is what your motivation and your actions are built on. This is important!
What about your goals, dear novice trader? Can you say that they are clear and precise and cover all aspects of the life you dream of?
Why? What do you expect him to do?
It's simple. - It's earnings without attachment to the place of work, to the bosses and other restrictions. Freedom and mobility, employment of 20-40 minutes a day (так работает наша система обучения, в других школах время торгов может сильно отличаться — прим. автора).
According to his original plan, Alexander thought it was realistic to reach the desired level of income in 6 months. In the process of our coaching it turned out that he would need more time. We'll tell you why in the next article.
ЗАРАБОТАТЬ — это единственная цель любого спекулянта!
Вопрос-то стоял так «Заработать для чего?». Деньги ради денег — сомнительная цель…
Вот уж правда. Раскрутиться — одно дело, непростое. Но и увлечься так, чтобы очнуться от зарабатывания только в старости — это всю жизнь пропустить.
Человек, который пришел на рынок ради денег или обанкротится, или со временем доверит свои финансы профессионалам. Трейдерам нравится больше процесс зарабатывания денег, а не сами капиталы. Рынок для трейдера — это постоянная череда головоломок, которые надо разгадать. А деньги — награда за верное решение.
It seems that a trader is someone who wants to have an income without doing anything.
In fact, the trader works very hard, studying analytics and technical analysis.
This is a smart trader, but there are not many of them...
I don't think traders are lazy, collecting profits without working. Otherwise anyone would be able to lie on the couch and rake in the money. You have to study a lot of relevant literature, take risks, and think.
Не всегда — поэтому и бывают убытки. Если бы точно работать, как хирург, то стоит ориентироваться на новости, у которых 100% результат на тренде.
Not a good comparison to a surgeon. There are no people in the world who work without mistakes. Traders make mistakes too, just who is luckier and who is less lucky.
He doesn't know if he can't set limits for profits and losses.
I think the goal of a beginning trader would be, a free work schedule, and travel around the world.
How do you see traveling around the world? There's not the Internet everywhere.)
I think not only. Everyone's goals are different. I, for example, still want to pursue my hobby. And for that I need both free time and "free" money.
I think not only. Everyone's goals are different. I, for example, still want to pursue my hobby. And for that I need both free time and "free" money.
Некоторые не понимают, что форекс — это не работа, тут надо анализировать график, поджидать удачный момент,а не заключать в день 100 сделок, из которых прибыльных — пятая часть и то, из-за везения.
And what is that if not a job?
Tell me, what do you teach in 20-40 minutes a day? I think that's very little.
With such time consuming usually medium to long term trading or work with pendants within the day.
Я бы даже не советовал ставить рамки по прибыли (не профит в сделке, а в принципе — на месяц), будет подталкивать на ненужный риск.
The work of a trader requires great concentration and nerves of steel. The weak just can't stand it. And the goal of any work is material benefits and development, including self-development. The trader has the same goals.