Investroy

Stairway to Success

Education
BITSTAMP:BTCUSD   Bitcoin
Let’s start our day with some good news: if you’re reading this article, you’re already ahead of 90% people and have successfully completed the first stage “Start”, right now and right here. Most of us see success as something chaotic, lucky coincidence per say. Recently, we made an article, where success was depicted as a visible tip of the iceberg, while underneath there were much more to it. What about the road to success? As you would rightfully guess, it’s not quite linear either. Usually, people would show it with arrows: up and down. Indeed, that is the way progress works. However, growth to success on the other hand is an absolute value of that graph. It reminds me more of a staircase. Let’s go over each step on the picture.

As mentioned right at the beginning, you’ve already done a major step by opening TradingView and reading this article. Let’s not stop here. Start thinking. What currency pair or stock I want to trade today? Once that’s established move on to your “Analysis”. After performing thorough fundamental/technical analysis, you have a sense of where the trade is going. It’s important to note that this is only a small portion of the way. Success and Failure are not black or white, they’re part of a spectrum. Planning is extremely crucial, as it would determine the level of success/failure. Setting Stop Losses, Take Profits, having a trading plan are part of it. However, what’s the point of all this if you’re too scared to execute? Don’t let FOMO run your life, but plans without execution are just dead ideas. So, TRY and DO. If necessary, do again. Keep on doing until you achieve the result you wanted at the beginning of this staircase.

Note from author: when we say keep on doing, it’s implied that this is done in a healthy manner, without the destructive emotions such as revenge. Learn and earn, fellow TradingView members!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.