The motivation factor: your dreams
Trading is not a get rich quick scheme. Trading demand that you seriously prepare yourself technically and mentally while maintaining the fun throughout the learning process. In order to stay the course, you need to have something to motivate you when the going gets tough and it will get tough at time. The best motivator you can have to achieve this is your dreams: what you want to be, do and have in the future are your best allies in your quest to financial freedom.
What do you want to do with the money you are going to make trading? How do you see yourself in 3, 5, 10 years from now? What do you foresee as your financial responsibilities in the future? How can trading help you meet them? Are you planning to move to another town or to another country? Do you want to spend more time with your wife and kids? Will you be able to easily pay for their college and university tuitions? Would you like to take annual winter vacation in exotic places? Would you like to change job? Do you plan to turn one of your hobby into a business?
Whatever you think your success in trading can bring to you, write it down. Define clearly your dreams, your ideal life scenario. See yourself driving that new car; see yourself at the beach with your wife and children; see yourself walking into your dream home exactly as you want it and where you want it; see yourself as a successful trader.
That’s where your motivation is. Clearly defining what you want to do and achieve as a successful trader will be your best motivation to confidently and serenely support your commitment to trading. Your dreams will push you of the couch and will give you the energy and courage to keep going when facing challenges.
Although trading is about learning to grow your money, money itself is never a real motivator. Actually, it could be very counterproductive to have money as your principal objective because it makes it very difficult to have the necessary detachment from your trading results. As a consequence, you put undue pressure on yourself to succeed which affects your emotion state, which affects your trading decisions, which affects your results.
It is never money that we are after. It is what money can bring to us, what we can buy and do with it. Defining and visioning yourself as a successful trader is not about how much money you will make but how much you will enjoy the lifestyle this money will bring to you.
I don’t know and you don’t know at this point how long it’s going to take for you to be ready to start your trading business. I have mentioned time and time again that trading is a marathon that demand technical and mental preparation and a time commitment to adequately prepare to reach your objectives.
You can’t improvise yourself as a successful trader. There is too much at stake for you to do this. The well-prepared professionals will rapidly and without warning make you pay for not preparing adequately. It is going to take time and determination to be ready to face these professionals confidently and serenely and your best allies in your learning preparation are your dreams.
Right them down, post picture on your wall, create a journal or a dream-board of your dreams; do what is necessary to motivate you while continuing to have fun preparing to be a successful trader. I can guaranty you that you won’t regret to have spent time doing this. Share your dreams with your wife and ask her to add her owns. Tell her that trading will take you there and demonstrate your commitment to reach financial freedom.
“When the going gets tough, the tough gets going” as long as he knows why he is going and where he wants to go. That’s what your dreams will do for you: give you the motivation to keep going when running into challenges while learning to grow your money will take you to the path of financial success.
Know that there are no dreams too big once you have the financial tool to finance them and the Art of trading is just that: a financial tool to pay for all your dreams.
See you soon where we will look in detail the learning process and your commitment to it.