If you’re not spending 5 hours per week learning, you’re being irresponsible.
Learning is the single best investment of our time that we can make. Or as Benjamin Franklin said, “An investment in knowledge pays the best interest.”
Unlike money, when you use knowledge, you don’t lose it. It’s value compounds over time faster than money.
Individuals who are new to trading are usually in a rush to attain financial freedom overnight. While it is possible to make a lot of money from a single trade, there is no such thing as instant windfall.
Ask any consistent trader, someone who can consistently bring in gains over the long term, they didn’t achieve their consistency by accident or overnight. On the contrary, consistent traders deliberately dedicated time and energy to continually learn, study, and apply what they learned to get where they are today.
The best thing you could ever do to enhance your success as a trader is to treat your trading education the same as you would any vocation you’d learn at university. Set time aside to learn every day, including Sundays.
The busiest, most successful people in the world find at least an hour to learn everyday. So can you!
Don’t be lazy. Don’t make excuses. Just get it done.
There’s no excuse. You can find mini learning periods during your downtimes (commutes, lunch breaks, slow times). Even 15 minutes per day will add up to nearly 100 hours over a year. Time and energy should not be excuses. Rather, reframe the poverty mindset to instead see scheduling study time in a busy lifestyle as doable challenges. By being one of the few people who rises to this challenge, you reap that much more in reward.
Warren Buffet once said, “Risk comes from not knowing what you’re doing.”
If you don’t take the time to learn you can potentially lose more than the funds in your account. Invest in learning from someone who has walked your path and is winning the game you want to play. Over the past 20 years, Robert Roy has successfully trained over 15,000 traders. To better understand how to trade and have consistent gains, join Trading U and let Rob guide the way.