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A Truth about Trading

A couple of things in life that I really don't look forward to are:

1. when they draw blood for my semi-annual health checkup and
2. when I have to go to the doctor.

Yet, when I think about it, not going could be a lot worse than going. I don't know which I would dislike more, finding out I have too high a cholesterol reading or finding out that my blood sugar is too high. Hopefully, I'll never have to compare the two. Fortunately, I don't suffer from either condition.

Regardless, as I was sitting in the doctor's office one Monday morning, I realized that sometimes I am like the doctor in regard to the occupation of trading. Sometimes my being blunt about the things that need to be said is not well-liked by some traders. Much of the time there is a little pain involved in doing things the right way, because there is rarely such a thing as instant gratification when you are a trader. However, in the long run, you are far better off if you do things the right way.

As much as I hate going to the doctor, I know that if I take care of things now, even though I experience a little bit of pain, it will save a great deal more pain in the future.

For those who cannot see past the desire to always receive instant gratification from their trading efforts, I am not well received. For those who can see that the information and experience that I provide, although sometimes painful to realize, and even more painful to actually follow at first, will ultimately save them from a great deal of pain in the long run compared with how most traders actually fare.

Knowing this does not make it any easier to go to the doctor, because the immediate pain is the same whether I like it or not. However, knowing and understanding this enables me to go in spite of the small bit of pain that it may cause.

Each Spring I enjoy planting a garden. A garden requires work. Tending the plants while they grow requires even more work. Even harvesting the fruit of my garden requires work, but then comes the enjoyment. It is always in that order, which is the way God created it. It's the same way with investing and trading.

No matter what your situation is right now, don't compromise to receive instant gratification at the cost of a great harvest later on. I write from many years of experience and from making these kinds of mistakes in the past.

And that is a truth about trading.


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Master Trader Joe Ross wants you to learn trading and he created products to do just that, teach you how to trade. Go to our website to find which ones best fit your trading style.

 

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Tuesday, 04 October 2022

Derivative transactions, including futures, are complex and carry a high degree of risk. They are intended for sophisticated investors and are not suitable for everyone. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. For more information, see the Risk Disclosure Statement for Futures and Options.