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What A Real Teacher Is Like In Trading
Nice teachers don’t create the best impact on your life.
However, a tough teacher who tells it like it is definitely will.
Sometimes, you need teachers who are going to slap you in the face, bringing you back to reality.
That’s not bad at all, as we all need those wake-up calls every now and then.
I’m glad to have a teacher right now who does just that.
That’s what I want to discuss in this post.
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In the trading community I’m in, we have a weekly call every single week where we analyze and look at where the market is at.
I find these calls beneficial, as I view them as guidance to how to go about my trades for that week.
One of the instructors of the program, will go on short rants here and there.
He’ll rant about why some students will deviate from the strategy we trade, especially when they’re not following the rules.
I’ve seen it happen time and time again where some students overthink things, think they can break the rules, or doubt what they’re being trained on.
I’ll admit: I did that once or twice early on, but boy did I learn my lessons the hard way.
I see why now I’m living my greatest lesson in patience and discipline.
Those two things are the only skills you need to be an effective trader.
Well, my instructor went on some rants and had it at times where he had to keep giving those reminders.
He would say something along the line of:
“Guys, quit overthinking it. You’re making it much harder on yourself than you need it to be. If you just follow the framework and go along with our guidance, you’ll do far much better than you think. This strategy works- Trying to deviate from it will make things that much harder.”
These are the types of things he’ll go over, and he’s had even worse rants as well.
In a way, they’re all good to help remind us of what to look out for.
It’s something that I admire about him as well.
Overtime, I’ve taken his words as solid advice.
But, I still do my homework and make the best calls I can make.
I think we all need that type of teacher or mentor in life, as it can make difference in how you go about the remainder of your life.
I give a lot of credit to him, as he’s helping me (and 1400+ students) become much more wealthier in the long-run.
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If I ever end up being a mentor or teacher to someone, I’ll want to give my own version of “The rath of Eric has arrived”.
From there, I’ll give my own reminders and key points to stop overthinking things, and tell my students to start doing the work.
If you do that, it’ll be that much easier. It’s why I’m glad I have those types of instructors in the trading program I’m part of.
If I wasn’t in this program, I don’t know where I’d be at.
Probably not making much money as I did back then.
But a good instructor or mentor pays off in the long run.
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Through my journey in options trading, I’ve learned a lot of things and made many mistakes.
I’ve gotten better with trading, along with improving my level of patience.
I’m very patient, that it pays to be patient when the right time comes.
It’ll continue to work out in my favor when my trades don’t work in my favor.
In that case, I continue to be more patient.
If options trading is something you want to learn more about, I encourage you to check out my first eBook that goes over it.
In Nothing But 1%, I go over the current situation that’s taking place in the U.S. what options are, and how you can leverage them to your advantage.
If you want to grab your free copy, sign up for my email list. Plus, you’ll get some other neat bonuses as well.
Until tomorrow,
-Eric
What A Real Teacher Is Like In Trading was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.