Updated: Jun 11, 2019

1. Trading requires utmost dedication and education

Trading is just like any other craft, it needs to be refined for years and years, it is not something that you learn in a seminar and you will get it thru a light bulb moment.

I personally have attended several seminars and workshops, it does not guarantee 100% success, and honestly sometimes, it makes things even more complicated and sometimes makes you lose your path. The best thing to do is to make things simple by just focusing in one area or system, not jumping from one to another. Then once you have a planned system in place which works for you, you have to give in the hours since now you know what you are doing and how you are supposed to do it, rather than not knowing how to do things.

There will be many missed gatherings, events and parties, but when you are dedicated and working towards your goal, you will have to compromise some areas of your life, this isn’t a joke, it does really happen, but of course you have to prioritize and de-clutter to know what are the things that matter (ex: trading, family).

Many traders and professionals do not give this much importance- there are many non-trading related individuals who jump into trading from the medical field, engineering field, and Information technology field then wipe out everything they have saved for decades since they think it is easy, that they succeeded in their field so they can also succeed in trading. The reality is that not everyone gets to tell his or her own success story

Trading is just any other skill or endeavor that requires intense dedication to achieve great heights

2. Trading requires you to have focus since there are risks involved if you are not.

You will need to diligently create your trading plan, make market scenarios, document, and journal your trades regularly so that you can use them for actual trades, to review your mistakes so that you can perform better in the next trade encounter.

You will need to stick with your plan once you have created then and have unwavering commitment to do whatever it takes to reach your goal no matter how many times you’ve been knocked down.

3. You have to remove all noise to think clearly.

You have to purge yourself from the news media, forums, social media and any other sources of misinformation. Once you have removed yourself from all of those, then what? This is the time you have to pick up what is necessary, decluttering is very important in this field.

As the market is progressing, there is more data and information available out there. That is why you have to hand pick what will you read and listen to

4. Everyone has his or her own journey.

You should never compare your journey or progress from anyone even if think both of you are going thru the same situation. There are some traders, who are fully dedicated in their craft and have no other major responsibilities in their lives and you see them post 100% gains in a month, you should not be discouraged. Every single person has their own battles, let’s say you are a father or a mother who is single-handedly the bread winner of the household and does the chores at home, buys food to eat, pick up and drop your kids at school and when you get home from your tasks its 2 AM? Then next day you have to start at 6 AM? How can you compare yourself and your trading results from that person who is fully dedicated and has no errands? Alternatively, to a parent who is a full time trader and only picks up his children from school and has no tension of being a breadwinner and post 150% gains year to date without having much pressure?

People may say that a person has dozens of reasons but they do not know what is beneath, that is why everyone has their own journey. We all should respect what everyone is going thru.

However, one thing remains, does the person who is struggling making any efforts to succeed in trading? That is what matters and being self-aware of your situation, pin point the different aspects of your trading career, and make yourself better. This is the most important thing to do and not to complain. If you can seek help from those individuals who have gone thru the same situation, you are in.

5. Your personal life matches your trading life.

You have to clear your personal life, what I mean by clearing is to have a positive mindset, despite all the negativity around us- this can be done by meditation, contemplating and other ways which matches you. Then once it is clear, you will be able to make informed and well-planned decisions. So balance in your personal life and trading life, it will help you reach your full potential.

About the Author

Written by Jr. Mentor Hyperion (Alpha Centauri's Spark). Father. Trader.

Updated: Jun 25, 2019

Stories have been told about the stock market being an instrument for riches. However, if you're just starting out, prepare for the reality that as much as people say that the stock market is an instrument for WEALTH CREATION, it can do the opposite, it can be a means for WEALTH DESTRUCTION.

My first time as a trader, I experienced the latter.

The stock market only becomes the "GREAT EQUALIZER" only after acquiring the capacity to trade or invest effectively & efficiently because that's when your portfolio truly grows in a sustainable way. It's less about the connections or network you have, not about your educational attainment, nor does it care about the size of your account.

I can attest to this since I am not a degree holder, I did not start with a million peso portfolio, nor did I have any background or close friends in the financial sector. What I had was only a desire to realize my goals through trading. Positions and titles have no place here. In the eyes of the market we are all one and the same there is no greater or lesser being, rich or poor, man or woman, black or white.

I want you to become aware that you have an equal shot at financial growth as any traders/investors out there. Unlike the usual social norms on job requirements, the only hard qualities required here are DISCIPLINE, RESILIENCE, and COURAGE.

Have those 3 and you're ways ahead of the crowd.

Do well in these 3 areas and you'd observe your growth to be exponential.

To your success,

Sirius Lee

  • ZFT

Updated: May 1, 2019

I cut my position way too late, he said in between bites of his favorite salmon maki. But it was still better, he added,than how I used to hold losing positions. It was a Thursday night,the Japanese joint was brimming with patrons.He was sitting by the corner table with three of his friends. The smell of miso soup and grilled wagyu wafted in the air. Waitresses in pink kimono rushing here and there. It was a scene they’ve grown familiar with, the scene of their monthly meetups. He held the wooden chopsticks in between his fingers, I must admitI was really tempted to go back to my old ways. He picked up the last piece of his maki, I wanted to average down on that loser, his lips curved into a smile. But I couldn’t bear seeing you guys tonight knowing I did not hold the end of my bargain. He cleaned off his plate well until the last crumb.

We all have goals we want to reach, good habits we want to develop. Some of them we’ve ticked off, others were left in the list for years, maybe decades, simply drowned in the pool of what-ifs and what-could-have-beens.What is probably one of the most underrated ways in achieving goals isthrough the power of accountability. Being accountable means taking complete ownership of your actions, decisions, and in this case, your goals.

Do Not Run from Social Expectations

Starting tomorrow, I will cut my positions when they hit their stop loss point, a trader tells himself, no one else. I will finish one book per month, he continued, and I will journal my trades by Monday. What do you think are the chances that the trader will achieve one of these? It’s always easier to look for excuses why you can’t do what you have to do when there’s only yourself to disappoint. No one else knows about it anyway, so what’s the harm in delaying your goals or putting them away altogether?

I will do 5 paper trades on this set-up, a trader tells a trusted friend, and I will send the results to you by month-end. This is the trader who is more likely to deliver.

Some people do not want to declare their plans out loud because they think that this is when they set themselves up to fail.The plan gets jinxed, they said. There is no such thing. The only reason why most people shy away from sharing their goals to someone is to avoid the pressures of expectation and commitment.Once you’ve declared your goals to other people, you are now under the vise grip of social expectation—this alone could motivate you. These people will now hold you accountable to your goals, making them more real. It puts some teeth into the process.

Making Accountability Work

When you allow yourself to be held accountable by someone who will encourage you, challenge you, you are not only holding yourself accountable to that person, but you are putting yourself on the hook with the universe as well.

Very few people understand the challenges that a stock trader goes through. Choosing the right accountability partner or group is crucial. They should be people you trust, those who you can be completely honest to and who can be completely honest to you. They will call you out when needed, they will affirm and encourage positive changes they see in your life, they will make sure that you are committed to what matters most to you. They will be as invested to your success, as you are to theirs.

Once you have chosen your accountability partners, schedule regular checkpoint meetups with them. All of you must keep track of each other’s progress. You cannot improve what you cannot measure. Set up a reward and punishment system as an added motivation factor. It pays to know what’s on the line. Most importantly, be open, trust and do not hold back. Here lies that real challenge, making yourself vulnerable to others, only a select few can. But communication is always the key.

Why There is Power in Numbers

Here is the irony. When a trader loses more than he could handle, instead of seeking help, he voluntarily casts himself into solitary confinement. He distances himself from his peers, he grows silent on social media, he stops attending meetups. He chooses to wallow in self-pity and remorse alone. He also chooses to get back on his feet alone. While doing things on your own is okay, having a support group accelerates the entire process. These are people who will carry you forward when you can’t feel your legs anymore.

The American Psychological Association published an article citing studies that prove that peer interactions tap into a lot of therapeutic factors. Members can be agents of change for each other. Seeing someone’s progress can help others realize they, too, can improve and be better.

There is no shame in losing and getting lost. But some stay lost longer than others. If you’re real in achieving your goals, in breaking bad habits and building good ones, stop talking and start working. Do specific actions that will move you forward. Allow yourself to experience the full force, the grunt, the beauty of accountability.


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