Skeptical, Not Gullible
A successful trader is skeptical. This is especially true when it comes to trader 'education'.
When people tell you trading is easy, you should be skeptical. When companies tell you that they can teach you how to make $100k+ per year trading, you should be skeptical. When a newspaper advertisement tells you that you can make $6k per week from your own home using EBay, you should be skeptical.
When things sound too good to be true, a successful trader (or struggling trader bound for eventual success) don't take the bait.
Trading is difficult. Trading is not something that you just sit down the first time, and begin milking the market for $1k per day. Granted, successful traders will make over $1k per day very consistently, and it will look easy. But, it takes a long time to master the skills need to be able to duplicate that success.
Let's discuss briefly about seminars, paid chatrooms, newsletters, and bootcamps.
I chuckle thinking back at the Online Trading Expo, which I attended, last month in Las Vegas. The expo hall was filled with vendors begging to give you the secrets to untold wealth, if only you'd pay their modest fee for the answers. Tell me, if anyone had the secrets to untold trading wealth, why would they be sharing them with you? And for such a bargain price of only $59 per month (or one time fee of $3500, or whatever)? Why would anyone sell you something 'worth' $100k+, for only $250? A skeptical person would simply laugh and move on.
=> If it looks like a ripoff, and smells like a ripoff, then it like IS a ripoff. The successful (or soon to be successful) trader doesn't fall for get-rich-quick schemes, and aren't interested in the 'easy way' to become successful. Those that are subject to taking the bait and falling for these schemes will only waste time, money and often their hope of ultimate trading success. |
