Psychological overwhelm

You have been intensively involved with the markets for years and have long been an expert in technical and fundamental analysis. You employ promising strategies when trading and always use professional platforms. And yet you still don't manage to trade profitably and increase your trading capital. You regularly suffer setbacks and simply don't make any progress. The emotional roller coaster ride wears on your nerves. It has been proven that the overwhelming majority of traders lose money in the market. Traders regularly break or ignore their trading rules even though they know better. Traders fail due to emotional overload.

Lack of a trading business model

Trading is a tough business that needs to be systematically planned and developed. Those who trade without a plan will react headless at every setback and make expensive mistakes. Also, the costly subscriptions of market newsletters, professional signals services or automated trading strategies are not a shortcut on the way to financial freedom. No trader has ever become rich from the return promises of the various providers. Those who have the expectation of making a lot of money as quickly as possible and without much effort will fail. Without established trading concepts, a strategically thought-out business plan for your trading business it does not work. Realistic goals, self-tested strategies and your set of rules are the rock in the emotional surf of unpredictable markets.

The formula for success in trading

What is the most important success factor in trading? You yourself! Your Mindset. Your mental state. Your trading business model. The challenge with trading is a psychological challenge. Trading platforms and systems are important but do not determine your success. You alone are responsible for what you earn with your trading — not the technology, not the systems, and not the markets, either. It is not easy to make money consistently in the stock market. With a good dose of luck and chance, you will make money every now and then. But keeping the profits and building them consistently over an extended period of time is extremely hard.  That's because it takes a carefully developed business plan with a strategic plan for the long term. Drawing up a business plan creates clarity, structure and a realistic perspective. And it requires thinking about concrete and achievable financial goals as well as the time horizon. In day trading, traders lose sight of the longer-term goals because they focus on the time horizon in which they are trading. A business plan creates emotional distance and a change in perspective. You get a good idea of where you stand professionally and mentally, i.e. what trading style might fit your skills and living circumstances. It is a learning process with great gain in knowledge. The key to successful trading is the systematization of your trading approach.

The path is not the destination

Most beginners get started without thinking about what they actually want to achieve with trading. Here, the question of why is crucial. Do you want to build a second financial pillar or even become financially independent? What motivates you, what drives you? Only those who know their goals in trading will also find the path, i.e. the strategies and the trading approach that lead to the goal. The goal is not at the end of your trader career, but already extends over the whole way. All your attention, energy and trading activities are aligned to the achievement of your goals.