The number going around is that 90% of traders fail. Sometimes it’s hard to believe that the failure rate of traders is so high. This is especially true in the beginning when we tend to be more ignorant and we believe that we are going to be different.
Then, after some time passes many of us start to realise that maybe trading is not so easy.
Maybe:
- You’ve joined a trading community / signal service
- Took some courses.
- Read a couple of books or blogs
- Watched YouTube videos
- Took trades from social media
- Researched different strategies
… or some combination of the above.
Yet you still find you’re blowing accounts or struggling to become profitable. And during those struggles that 90% number keeps popping up everywhere… and so we start to wonder whether it’s possible that we’re going to be part of that statistic… that we’re not good enough.
I’ve most definitely been there, and so have many other traders.
But I have come to realise that there is a percentage of traders that does make it… no matter how small. And that’s where I’ve decided to keep focusing. I keep reminding myself that if others can make it then so can I, no matter how tough trading is or gets.
What about you?
Finally:
I love the following quote from the book Meditations by Marcus Aurelius:
“Not to assume it’s impossible because you find it hard. But to recognize that if it’s humanly possible, you can do it too.”
There are successful traders out there. Don’t let the stats deter you. If they did it, so can you.
Thanks so much for reading, I hope you enjoyed this post. And I hope you and your loved ones are well and safe.
Thanks and Regards,
Trading SOS SOS