Below is the transcript from Jason’s speech. I couldn’t describe your trading competition, better than, he did.
This cuts deep into the reality of who you’re up against when trading the markets.
This is the bitter truth:
“…there is a whole day of that; they lunch at their desk, they work from 6 o’clock in the morning till the markets close at 4 o’clock, and then they go into their training.
Then they go through their back-testing. They go through their entire day and look at every trade they took, every execution. They write reports about what they did right, and what they did wrong; what they need to make improvements on.
Then they go into a training session where they get evaluated by one of their mentors, one of the coaches on the trade-floor, and he talks to them about what’s going on.
I mean, that’s the type of guy you’re up against!
The guy who gets up at 5-am in the morning, to ride the freaking subway down the New York city to be in the chair at 6 o’clock in the morning so he can trade for 12 freaking hours, then turns around and does back-testing until 8 o’clock at night, then he hops back on a subway goes back out of the city, catches couple of hours of sleep, turns around, comes back and does it the next day.
That’s the guy you’re competing against.
That’s the guy who’s going to eat your lunch every single day, ‘cause he exists in every city, he exists in every market.
It is how they pay their bills. It is how their mortgage gets paid. It is how their kids go to school…”
– Jason Stapleton
Before dabbling into Forex trading, or any other market for that matter,
please ask yourself, if you are committed enough?
Are you ready to go against these guys and gals, your trading competition, and battle them every single day?
Also, see: Chicken or the Egg situation…
Ask yourself, if you are knowledgeable enough?
Do you have the right tools?
Do you have the right information?
These are the questions that needed to be answered, before venturing
into the “shiny” world of Trading.
Know your competition.
Get educated on the subject.
Start acting as a professional.
What Do You Think?
Can we beat this guys…
Can we win at their own Game…
Please leave a comment below, and let us know.