It’s all about the glamor side of things. Get rich quick, you know. Whether it be real estate or trading or read this book and it’ll teach you how to make money and you don’t have to do anything. There’s all sorts of stuff out there that is just all about “look how much money I can make. “You can get rich by playing online casino games, check this top paying casino review 2020 from Casinoslots.co.nz based on millions user reviews and polls.”
And while trading, in and of itself is a very lucrative business, can be very profitable. The reality of the situation is, it’s not a get rich quick, it’s not get rich over night, there’s nothing like that that happens. This video probably isn’t the best if I was really trying to convert a bunch of people into customers because I’m not going to sit here and tell you how glamorous everything is because there’s a lot of work that goes into becoming a successful trader. So I just want to talk about the reality of it.
It’s one of those things, it’s easy to dream but to go from the dream to the reality, that’s where a lot of people are, all of a sudden, almost feel scammed, because they think, “wait a second, “I have to go through all this? “I want the fancy cars, I want the big house, “I want all the vacations, I want all the jewelry, “but I gotta go through all this first? “Wait a second.” So that’s what I want to talk about. I want to break things into two parts. First we have the dream.
In our case, the dream is to become, make enough money, I don’t know what your dream is, but let’s just say you want to become a successful stock trader. You want to live a nice comfortable life, be your own boss, work from home, whatever that may be. But that’s the dream. And over here we have reality. So it’s one thing to dream, but to actually get to reality there’s quite a bit of stuff that needs to happen.
I just wanna kinda go through a little things and just show you the reality of the situation, where if you want to actually get from dream to reality I’m sorry to tell you, but this time frame right here, this time frame is not, it is not quick nor is it overnight, as much as some people wanna make it seem like, “Oh yeah, this stuff, don’t worry about it. “Overnight I’ve got the perfect system, use my strategy, “you’ll be making money right away.” I mean, gimme a break. From here to here, it’s not quick and it’s not going to be overnight success. It’s not going to be get quick in a very short amount of time. What are some of these things that you need to make a reality?
Well, first with trading you just simply need to save money. Why do you need to save money? You need money into your trading account. Maybe you already have money. That’s great, you can skip over this.
But as much as people want to portray the dream, you do need to have some money that you can use in your trading account. That’s going to be the first part of the area that you need to get in order to move to reality. You just simply need money.
If you don’t have money, start saving money. Go get a job, maybe clear up some things in your budget. You need to save money. Save, not a very attractive word. “Oh, I gotta save money?” Well, yeah, you need money to make money.
Next thing you need to get is this simply training. “Wait, I gotta get trained? “I can’t just all of a sudden “I’ve got money, but I can’t all of a sudden get rich “just because I follow somebody’s system?” Try that out on yourself and let me know how that turns out. I guarantee it’s not going to work very well.
You need to learn how to play the game. You need to learn how to form strategies, systems, implement rules, and then follow those rules. Lots of it goes into training and this is a very crucial part of it.
It’s one of those things where, if you don’t learn how to play the game, you’re never gonna know how to play the game. So it shouldn’t be very shocking when you never actually reach reality. Again, lot of people wanna skip over that and it just gets very messy very quick.
And here’s another huge one that costs so many people. Paper trading. After you get money and then you go through training, now you wanna paper trade. Paper trading is simply just not using real money. It’s just pretending, using your imagination.
Actually, if you click up on the annotation that pops up right now, I have a video on how to paper trade, so you can watch that. But I’ll be the first to admit, this one, not very glamorous, not very appealing. You’re never gonna hear the people that are all about wanting you to buy this and that and the other, buy my system, buy this strategy, whatever. You’re not gonna hear them talk about paper trade because it’s not very attractive.
It’s not a good marketing pitch. I guess that’s the best way to put it. This is not good for marketing. That’s not good for advertising, to say that “but before you can start “now you have to paper trade.” Especially after you just got done training. But you’ve got to start to practice what you’ve learned up here in training.
So paper trade, another very important thing and that happens during the transition to actual reality. The next thing. Start small.
Again, are you gonna make a bunch of money if you start small using small amounts of money, small amounts of position size? No, you’re not gonna make a bunch of money but, it’s going to keep your risk under control and when you’re first getting started and especially just moving out of the paper trading stage you’re gonna want to start small and keep things within a very controlled environment. Share size, money size is a great way to do that. Again, not very attractive. Not exactly the most appealing in the world of marketing and advertising and getting you excited to try to become a trader.
But, you know what? We’re talking about reality and this is what needs to happen. And then finally, you really need to become a very good master at managing risk. So many people overlook this and this come into play through training, assuming you get the right training. But you gotta learn how to manage risk.
If you don’t know how to manage risk, then it’s one of those things where you’re not gonna be around very long and you’re gonna let some position go way against you, take a big loss on it. Then either you could be back here, “Whoop, I’m outta money so now I gotta start saving money.” Or it’s just gonna distort everything. Nobody really wants to devote much time to managing risk. But again, that’s why it comes from start small.
Managing risk, a great first step to do that is to start small and that’s gonna help you start to learn how to manage risk. But all these things need to be done before you have any chance at over here. And notice I used the word “chance”. There are no such things as a guarantee.
As much as some people want you to believe that “follow me, subscribe to my service, buy my products, “you will be rich like me,” as much as that is out there that’s just not the reality. You have a chance if you do these things right. The thing is, most people don’t do these things right. Heck, most people don’t even do all of these things let alone do them right.
Maybe kinda anti-climactic as this video may be, this is all very important. This is just the reality of the situation. If you want any chance at success of taking a dream into reality, first off know that none of this is quick, none of it’s over night. It takes a lot of blood, sweat, and tears, it takes a lot of practice, it takes these things and then you have a chance at reality, whatever your reality is.
Whether it is having a fancy house, or maybe simply working from home, being your own boss, being able to spend more time with your family. I don’t know what your reality is, but in order to get to it, a lot of things need to be done and they need to be done right. So keep this stuff in mind. Don’t fall for all those marketing gimmicks and advertising where all you see is all the fancy material possessions. ‘Cause, yeah, that stuff can be nice but to get to there, it’s not quite as easy as simply subscribing to a service or buying somebody’s product. I mean, think about it, if it was that easy to just buy a service or buy somebody’s product, I think all sorts of people would be driving around in super fancy cars, everybody would have mansions, everybody would have big boats, everybody would have fancy jewelry.
You get the point with that. So, if it was that easy, if you didn’t have to do any of this, there would be a lot more people that were living the reality that these people try to perceive to you. So keep this stuff in mind and just start to get grounded.
Go into it with a realistic mind set and it’s going to make your life much easier. Thanks for taking the time to watch this video. If you enjoyed what you saw, please do a couple things.
Click the like button down below if you’re watching this on YouTube. If you’re watching this on my site, claytrader.com please click that share button up above and leave comments. I like to hear from people that are already a part of the community or if maybe you’re passing through or whatever, I like to hear from people. I do my best to interact within a prompt manner. So by all means, please leave comments or questions, if you have anything like that.
Thanks again for watching. Remember, get out there, keep things in a realistic viewpoint, and trade without emotion.