Grow your business, income, & life.

Behind-the-scenes training to grow your business and generating income. Strategies and mindsets that work.

3 Obstacles Stock Traders Have in the Beginning

Obstacles are part of life

It’s important to have obstacles and challenges when you’re learning something new. Hockey and soccer wouldn’t be interesting games unless the players had challenges to overcome.

You’re going to fall down, maybe even scrape your knee when you’re learning a new sport. The same is true when learning something new, like trading stocks. You’ll fall down and have some failures before you’re able to be successful.

Obstacles will come your way. If you can recognize or foresee what struggles you might have in the future, you may be able to push further past those obstacles.

If you can recognize these 3 main obstacles, you may be able to get through the growing pains of learning how to be a successful stock trader.

1. Putting the time and energy into learning how to trade properly

When the going gets tough, the tough get going. Unfortunately, a lot of people just give up when things get difficult…we don’t like to hurt or feel failure. To be a successful stock trader, you have to put in the time and the energy, even when you don’t feel like it.

This business is brutal. It will hit you upside the head and leave you spinning. It’s the one business where you can fire yourself and re-hire yourself all the in the same day!

Think about going to medical school – when you first start studying pre-med, all the terminology, all the techniques and information are new to you. You have to learn how to stitch, how to measure things properly, how to diagnose and treat, and so on.

The same is true with stock trading. You have new terminology to learn, like applied volatility or breakaway gap. It will be overwhelming at times. Just like med school, it may take you years and years to complete your education… to really understand what you’re doing and be able to trade successfully.

2. Doing your own homework

This is a bit different from just putting the time and energy into learning how to trade. Most of us want to be told what to do – we want someone to affirm our choices. This is why we ask our friends, family and spouses, ‘What do you think? Should I get this dress/watch/laptop/washing machine?” We search for meaningful input from the people in our lives.

Likewise in the trading world, we want someone to tell us which stocks will be profitable and when to bid and when to exit. We turn to websites and blogs and financial shows to tell us what to do and when to do it. The problem is, you can’t be consistent if you don’t understand things for yourself.

There is no specific system that can tell you in an exact moment of time how many shares to buy at a certain price from a certain company with a certain specific exit strategy or plan. You have to do your homework. The person on TV won’t be there to tell you when to sell or when to take profits.

I’m not against signing up for newsletters or reading/watching certain financial information as a beginner trader. Most importantly, make sure you relate to the trading style. Do your homework here too – read their books and check out their seminars. Make sure you understand why they recommend a certain stock before you buy it. Otherwise you will get burned. You have to take things into your own hands.

  • Research.
  • Do your homework.
  • Take responsibility for your actions.

3. Understanding trading psychology and the inner game

Most people don’t understand that there are two parts to trading psychology – the inner game and the outer game. The outer game is the technical analysis, the volume, the terms – it’s what’s happening in the market. The outer game is about learning the stock market.

The inner game is the psychology behind trading. It is emotion management – being able to admit you failed or were wrong, dealing with fear, not getting overly impulsive. The inner game helps you manage the ups and downs that happen both emotionally and financially.

If you’re interested in learning more about the inner game Trader Transformation. It’s the inner game that tends to trip early traders up. You have to be willing to be open and honest with yourself – and be willing to make changes to avoid making the same mistakes.

Never give up

If you can foresee these 3 big obstacles, you’ll be able to get over them much easier. The key is to not give up. Keep going – believe that you can do it and you’ll be able to keep going when the going gets tough.

Join other stock who get a trading edge each week with our newsletter

Get our free stock market tip, video reviews, and exclusive announcements.

No spam, no gimmicks, no junk - Unsubscribe anytime

I'M SASHA.

Thanks for joining me on my trading website where I share with you about trading stocks and options.

DOWNLOAD 100 Stock trading tips Book

Ready to check out some of our best-selling books that can help you become a better and more profitable trader? Check them out by clicking the link below… 

Video recaps on the recent market trends

Summary of recent market activity looking at swing chart opportunities, potential setups, and technicals.

Stock market picture charts annotated

Quickly review screen captured stock charts with annotations. Includes support, resistance, ABCD patterns, and possible breakouts.

want some helpful advice?

Pay-Per-Minute Coaching

I am scheduling helpful coaching sessions for people who are interested in real-world advice & guidance where you only pay per session. No long term commitment required.

This website and content is for information purposes only as Rise2Learn, TradersFly, and Sasha Evdakov are NOT registered as a securities broker-dealer nor an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Rise2Learn, TradersFly, and Sasha Evdakov cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Rise2Learn, TradersFly, and Sasha Evdakov in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Rise2Learn, TradersFly, and Sasha Evdakov accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Ready to Learn Profitable Strategies to Trading Stocks?

If you are serious to learn how to trade stocks more profitably, make more money, and trade with confidence...

 

Then sign up to get our free educational videos!

AWESOME!

In order for you to get your goodies and freebies you have to confirm your email address.

 

To confirm your email address, just go to your email inbox (or check your spam) and click the link that's inside the email that states you want to receive messages from us.

 

That's its!

Just one more thing... 

Ready to Get Our Educational Videos Each Week?

If you are serious to learn how to trade stocks more profitably, make more money, and trade with confidence...

 

Then sign up to get our free educational videos!

5853

AWESOME!

In order for you to get your goodies and freebies you have to confirm your email address.

 

To confirm your email address, just go to your email inbox (or check your spam) and click the link that's inside the email that states you want to receive messages from us.

 

That's its!

Just one more thing...