The Secret Trading Goal Nobody Talks About!

Hi, Brian Macavoy here with Inside Out Trading. And today I want to talk to you about really probably the most important milestone that you want to be shooting for as a trader. And no, it's not getting profitable. Most everybody thinks, you know, I just want to get profitable. No, that's not the milestone that you, that's really the big deal that's going to make trading what you want it to be. It's easy to get profitable. It really is getting profitable and staying profitable, being profitable on a consistent basis over a long period of time, that's more like what you're wanting. Now there's a certain milestone, very specific thing that you want to be looking to achieve with your trading. And again, it's not getting profitable. If you think about it, trading is, it is pretty straightforward and of course it appears very simple. But the thing is, so many traders struggle and they struggle for way longer than they really should because they're busy chasing strategies. And the thing is, strategy is not the magic thing with trading. You can have an average strategy and if you can execute it consistently, you'll make way more money and it will outperform a great strategy that you can't execute consistently. It's seriously, that's like the magic that is the big secret in trading is consistent execution and being skilled up. Here's the thing, trading requires a certain level of skill and a range of skills and it's pretty high. This is not an entry level job. This isn't not just any average joke and walking off the street and just start trading and making money consistently and be set for life. Doesn't work that way. Most traders, we what they do and I was guilty of the same thing. We'd see that it, oh, it looks pretty straightforward, pretty easy. Yeah. Just need a strategy and some discipline. Cool. And we, so we get here and then we just keep chasing strategies and we focus on discipline and we don't focus on. No, there are more skills required for this job. This is a business and this requires self management. It requires a whole range of skills. How to be consistent, how to build confidence, how to fix things when they're broken, how to deal with them when the market changes, how to apply proper risk management, money management and long term planning, all this kind of stuff. There's a whole range of skills and so long as we're down here, it's tough, it's going to be rough because we're missing the skills. But here's the milestone that you want to shoot for is gaining the skills, getting the skills so that you have the range of skills and the proficiency, the competence that the job requires when you hit this milestone, it's like magic. It's man, this is when things get easy. This is when getting profitable and staying profitable, you just know you're there. You have instead of doubt and hope and you know that anxiety. No, I go to, I go to my trading every day and I'm fine, I'm comfortable because I have such a solid handle on it. I've skilled up. And when you exceed your level exceeds that required for the job, things get really easy and it becomes much like your regular day job. So the key milestone is not getting profitable. No, your milestone that you want to hit is getting your skill level and the range of skills that you need for this job where it's up to par for the job. That's the milestone you want to hit. Because when you get here now, that's when you're set for life. That's when trading becomes everything you've wanted it to be. Where yeah, it's something you can go to for the rest of your life. And you've got that financial security that you got that income, got that wealth generation, you have that freedom because now in the independence, the autonomy to travel if you want to or just work from home, be live a nomadic life, hell, have the van life if you want. But that's when, it's when you're, when you skill up to what's what the job requires. That's the milestone you want to hit and it's really cool when you do. Okay, so how do you know what you might be missing? I've got a self assessment available at Insideout trading.com you can swing by there. It's called the Trader Scorecard. Up at the top of the page@insideouttrading.com there's a link at the top says Trader Scorecard. Just click on the link, it'll take you straight to it. It's and again, it's a self assessment and it'll let you know just in the questions themselves what you're likely missing in your trading that's making it rough right now and where you need to focus to scale up. You're probably 80% of the way there and it's that 20% that you're missing that's causing trading to be difficult. And it's not performing and delivering the way you want. It's part of why you keep making the mistakes. You keep struggling, keep chasing trades, keep jumping from system to system. It's because you're missing certain things that you need to know to be good at this job and really be self sufficient again. Swing by Inside Out Trading Take the scorecard. It it'll open your eyes, it's really cool, it's free, doesn't cost anything and it'll be helpful and that's why I make these videos. Hopefully this has been helpful for you. If it has, give me a subscribe down below, Share this with your friends, post on your social link to it, and again I hope this been helpful. If it has. Awesome. Talk to you soon. Cheers.