How to make your luck

Posted by on Aug 28, 2018 in Be a Trader, developer, education, Thinking Mans Trader | 0 comments

How to make your luck begins with a change in how it is understood. So to start luck is not a caused by chance, in other words, your success or failure is not caused by chance.  It may appear like chance because we do not see what goes into the success.

As a trader, you need to be able to invest any way the wind blows, which makes it more than a roll of the dice. So how you make luck is by taking a small risk first and I do not mean the use of a tight stop loss. I’m talking about moving outside your comfort zone, the same way you did as a child riding a bike for the first time or a surfboard or drive a car or a moving truck.  Somewhere along the line some people stop growing and they simply buy into the sense of themselves they have and stop taking a small risk.

Risk comes in various shapes and sizes, married people understand the emotional risk, race car drivers understand physical risk and traders understand financial risk. But each of these people took a small risk to develop what it takes to be a success.

Simply start by taking a small risk, just like riding a bike for the first time. It does not matter how old you are, get yourself out of lockdown, its never to late to start. Change your relationship with yourself.

Take an intellectual risk and try your hand at programming, or take a social risk to talk to a person you do not know who does what you aspire to be or network inside a group of professionals. If you are the smartest person in the room, you are in the wrong room.   Show appreciation to the people that help you on your way to secure your goals, you will get tons in return and referred to others (aka the like button in social media.)

Here is a big one especially for the professionals because they become as closed off as the systems that they use. Take the risk of opening your mind to new ideas.  Because there is no such thing as a bad idea, in a sea of bad ideas like the majority of social media content it is not hard to see all the bad.  However, you have to be open to the ideas. Take for an example of the bad idea of leftover restaurant food to start a new restaurant selling what would otherwise is going into the garbage bin.

Well, that bad idea was made practical by an independent thinker tasking the leftover food from a five star Michelin restaurant selling them as entries for a for a lower price.

Become a Thinking Man’s Trader today, network with some of the best, learn the newest techniques, we will tailor the membership to fit your objectives no matter your time horizon or style of trading. 

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