When we start trading, many of us think of “All the money we are going to earn”… ERROR!
In trading, money is a consequence of our actions. Our operational day, with its positive and negative, will give us the deserved profits.
Although, we set a clear objective when we start, it should not cloud our Trading Plan.
Because the objective, which we must be clear about, is our goal. Prior to that goal there is a whole journey that we must travel: _From learning to analyze a chart to deciding whether to move a previously set stop loss.
We cannot skip that step or seek to formulate magic that the only thing you will achieve with it is to lose your capital.
Without capital you will not be able to achieve your goal and without your goal you will not achieve financial freedom.
That is why it is vital that you focus on the path that will lead you to that goal.
Have you ever heard of a non-track target? Even board games have a route that is achieved by rolling the dice.
Objective = Learning + Path
Learning: The necessary basic knowledge.
Course: The path that will take you to the goal.
In trading, learning consists of a course that you can take, online or in person. Decide what we want to focus on: Forex, commodities , binary options, CFDs, etc. Study hard to feel safe when operating in real.
The tour is the next step after having trained ourselves. Based on the objective we will decide which way to go. But here we have to adjust the mentality, it is not to earn all the money you can but to perfect yourself in a certain sector to be the best at it.
The objective is the consequence of what we learned and how we execute it on the journey.
Don't be amazed by the results of others, focus on achieving yours.
