As I look back at my journey to become a trader It eventually occurred to me that a good portion of it was about being prepared to make the necessary sacrifices.
The most successful traders have sacrificed a lot of time in their early years so that they can have more money than their neighbors in the years after their transformation to being a successful trader.
You need to make sacrifices today, in order to have more money and success than your neighbor tomorrow.
There are all sorts of sacrifices that an aspiring trader can choose to make in order to be successful.
When you choose to skip vacation this year and instead invest that money in your own trading account, you are making a sacrifice not many people make. Â You want to have more money for your trading account today, so that you can test out your trading ideas and get a feel for the market action with live money. Â That increases your chances of having order flow epiphanies.
When you choose to spend your 3 weeks vacation involved in heavy intraday order flow trading and research, you are making a sacrifice not many people make.
When you choose to come home from your day job tired and exhausted, but instead of watching TV, you perform a order flow recap of the market action, you are making sacrifices not many people make.
When you choose to wake up in the middle of the night to trade because you believe an explosion of volatility is going to happen, you are making sacrifices.
When you choose to cut various entertainment expenses in order to have more funds for your trading account, you are making a sacrifice.
When you choose to spend less time with family because you are busy trading and performing order flow research, you are making a sacrifice.
You make the necessary sacrifices today in order to have much more than most people in the future.
You make sacrifices today in order to become rich in the future.
You delay gratification today, so that you can have immense gratification beyond most peoples wildest dreams when you finally becomeÂ successful.
The person choosing not to make any sacrifices to become a trader is probably not going to achieve success. Â You may not need to make all of the above sacrifices. Â But chances are you will need to make some sacrifices in life.
Many aspiring traders are making sacrifices and cost benefit analysis.
When a person stuck in the beginner trader cycle chooses to take a leap of faith to try order flow analysis, they are making a sacrifice. Â They want to move out of their comfort zone in order to try something new that can be the true reasons why the market moves.
When someone chooses to spend 20 hours a week browsing the various trading forums searching for the next hot robot or indicator, instead of building solid trading foundations, they are making a choice.
When someone chooses to spend hours fiddling around with expert advisor code in metatrader, or tweaking moving average and stochastic settings, instead of performing news, sentiment and global macro analysis, they are making a choice.
If you make a list of the people who were successful and the people who were stuck being mediocre, you will notice that the ones that were successful made sacrifices, and did what was necessary. Â They gave it 110%
The ones that failed were the ones that did not make the necessary sacrifices and did not do what was necessary. Â They only gave it a small portion of their time and attention, and as such they failed.
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