I love slingshots. As a kid I had a slingshot… it was super dangerous now that I think about it. That not the point however. I love slingshots and the reason why is because they represent the life cycle of traders so well. Most people don’t have a trading problem, they have a slingshot problem.
Before I get into this I want to introduce myself to any new people. My name is Trav and I invest in stocks, gold, and cryptocurrency. I started this blog because I have been able to make anywhere from 5%-40% a day in profit. To put this in lame terms, I am making what the professionals make a year, every single week. I love helping people so I figured creating a financial blog and YouTube channel would help me to spread my knowledge to others in a super simple way. Sidenote: I write how I talk rather than writing grammatically correct in every instance so I can add more character to my posts and because writing and english are by far my weakest subject.
Ok think about a slingshot. Before you can go forward, you have to go backwards. So many people want to hop into trading and start making money and going forward on day one but they didn’t take the time to really learn how to trade and learn how to emotionally handle those losses, so they can’t go forward. Another problem is too many people quit when pulling the slingshot backwards because they feel like they will never go forwards when in reality, the further back you go, the more you learn and the more you earn.
This is why I say trading is like a slingshot. You must learn to go back before you can go forward BUT once you finish going back, you can shoot forwards crazy fast. So many people go from not being profitable traders to being super profitable trading in a few weeks. The part that’s hard, however, is not giving up before you reach that point. So daily traders, let’s remember to pull that slingshot back and learn from our mistakes so we can shoot forward into making profit! I will see you guys next time. Let’s Get In, Get Out, Get us a bag!
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