No more losing money for months
Sam had been trading stocks for several years, but the results were not what he had expected. He had been losing money for months, and his portfolio was slowly shrinking. He knew he had to make a change.
He decided to switch from trading stocks to options. He had heard about the potential for higher profits but also knew there was greater risk involved. In order to sustain his trading activities, he borrowed money from family and friends.
The debt mounted over the next few years, but eventually, Sam could pay everyone back. He learned technical analysis during this time and wanted to build his strategy from it. He joined Core Invest Institute’s CPO course and learned how to adjust his steps. It was an important milestone for him.
Sure enough, Sam’s new strategy eventually paid off. He began making consistent profits, and over time his confidence grew. He knew that the key to successful trading was finding the right balance between risk and reward, but he also learned the importance of psychology. Traders must remain disciplined and aware of their own psychological biases.
Sam had come a long way since his initial failures. He was now making consistent profits in options trading and was doing what he loved. He knew there would be mistakes along the way, but he was confident in his abilities. He was now more aware of his risks and how to manage them. Ultimately, Sam found that the essential skill in trading was the ability to discover oneself.