subject: You can always dream of having that fancy boat you have always wanted, but do not confuse dreams with reality [print this page] You have read everywhere how everyone is getting rich overnight, how everyone is making a killing in the market and it seems that only you have not a clue about it. Your friends talk about it over one barbecue at your house one day, and you still have no idea of what is going on. Then, you decide to take some time and study it carefully to see what this fuss is about and a whole new world start unraveling.
At first, you start making huge and massive plans on you will became a millionaire in no-time. You start to predict that, in a two years' time, you will have a nice, big and lovely boat to sail out with your family and friends. So many plans, so much to do with THAT MUCH MONEY. Your first trade, you nail it spot on. You made a killing in your first trade and keep wondering why didn't you start way sooner? Maybe, you are just lucky. But it all gets sour after that and then the first loss comes. Then, the second one comes. Now, not only have you lost what you have earned, but also you have lost some of you might started with. Sounds familiar? It is and it will be for a lot of people.
That is when you realize it will not be as easy as you initially sail with your family next year, it might take a little longer than that. Maybe WAY longer that you expected. But no need to worry, that happens all the time and it is a quite common feeling. That is you coming to your senses and start realizing it that although you can make some money out of it, you will not get rich overnight. And that is ok. That is the way you should be feeling about the markets. Sure there are tons of people out there who made a killing and are now do not have to worry about money ever again. But that is not the rule, those are the exceptions.
So, when planning out how well will you perform and will you do once you get there, try to set more realistic to pessimistic goals. That way, you will have you feet on the ground and will then, be able to take better decisions that might not turn you into a millionaire over night, but will make you a CONSTANT winner. Plus, you will have the benefit of sleeping well without worrying on much richer or poorer will you be next morning. Trust me, you DO NOT want to stay awake the whole night wondering how the markets will open.
You can always dream of having that fancy boat you have always wanted, but do not confuse dreams with reality
By: Derek Shetrer
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