Can I Skip the 'Gambling' Phase?
I’ve been listening to interviews with traders, and a lot of them have a very similar beginning.
- I lost all my money.
- I was blowing through prop accounts.
In essence, they were gambling.
The traders that I’ve listened to eventually grew out of that phase.
But can I just skip that phase entirely?
I Will Still Lose Money
Skipping that phase won’t guarantee I make money. I’m guaranteed to lose money. But I won’t lose it recklessly.
I am ignorant about trading. I’ve never done it before and I don’t know much about it.
Even though I’m ignorant, that doesn’t mean I have to be undisciplined.
That’s my current goal. Approach trading with a sense of professionalism and discipline to avoid dumb mistakes.
We’ll see what happens.