{"id":38780,"date":"2014-09-11T09:40:05","date_gmt":"2014-09-11T13:40:05","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=38780"},"modified":"2014-09-12T15:42:32","modified_gmt":"2014-09-12T19:42:32","slug":"learn-to-trade-before-you-need-to","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/learn-to-trade-before-you-need-to","title":{"rendered":"Learn To Trade Before You NEED To"},"content":{"rendered":"<p style=\"color: #2a2a2a;\">Whenever market conditions are similar for an extended period of time it\u2019s not that difficult to come up with a trading methodology that works remarkably well. When this happens I\u2019ll see two things. First is a bunch people selling advisories and set ups. And second are traders who think they\u2019ve found the Holy Grail and want to retire.<\/p>\n<p style=\"color: #2a2a2a;\">From early 2012 until a few months ago we\u2019ve had a low volatility market with an uptrend that just won\u2019t quit. Basically all you need to do is play nearly anything bullish, don\u2019t worry about the down moves and you win. As usual in these conditions I got multiple calls from \u201csuccessful traders\u201d who are considering trading for a living using their perfect system.<\/p>\n<p style=\"color: #2a2a2a;\">One of the many calls I received earlier this year was from a really nice young man named Tom who was extremely excited because he had a directional system that was doing really well. He was calling me to help him fine tune the system to work more efficiently and squeeze a little more money out of it.<\/p>\n<p style=\"color: #2a2a2a;\">I set up a free intro call to see what he had and how I could help him improve it. As I reviewed what he was doing and I found fundamental flaws in the system. This essentially means, \u201cYes it\u2019s working now but it\u2019s not a workable system long term\u201d. Of course this never goes over well when someone has 2 years of \u201cproof\u201d that his system works; but the facts are the facts.<\/p>\n<p style=\"color: #2a2a2a;\">I talked to him about the importance of knowing \u201chow to trade\u201d before leaving his job and gave some tips on how to determine the viability of a trading system. I offered to help him redesign his system or to consider learning \u201chow to trade\u201d using complex options strategies via the M3. Ultimately he declined. So I wished him well and we went our separate ways.<\/p>\n<p style=\"color: #2a2a2a;\">Fast forward to today. I get a call from Tom. He decided to go out on his own and trade. Market conditions have changed. His system is taking heavy losses and he doesn\u2019t know how to fix it. He wants to abandon the system and learn the M3.<\/p>\n<p style=\"color: #2a2a2a;\">Great, I can help with that! But there\u2019s a problem. Trading is his only source of income. He has to make money\u2026 now. He\u2019s asking questions like what can I expect for a return this week? I can hear the desperation in his voice and it\u2019s killing me. I really want to help him but there\u2019s nothing I can do.<\/p>\n<p style=\"color: #2a2a2a;\">Learning to trade even with all the right information takes time, it takes patience, it takes lots of practice and it takes having the right mindset. Learning a new system when you\u2019re desperate simply doesn\u2019t work no matter how good the system is.<\/p>\n<p style=\"color: #2a2a2a;\">I could have easily taught Tom how to trade six months ago when he had a positive mindset, time to learn and didn\u2019t need the money. But now, now it\u2019s too late. He\u2019ll have to find another way to make money, correct his mindset and stabilize his finances prior to trading; otherwise he\u2019s on the path to gambling away his savings.<\/p>\n<p style=\"color: #2a2a2a;\">This isn\u2019t the first time I\u2019ve seen this. The people and circumstances are different but the stories are all the same. If you\u2019re trading for recreation, then fine. Take the advisories and trade that system for as long as it works. But if you\u2019re considering relying on money from trading, please, learn how to trade and adapt to market conditions before its too late.<\/p>\n<p style=\"color: #2a2a2a;\">For more information on how to become a professional trader visit<a style=\"color: #235e93;\" href=\"http:\/\/www.lockeinyoursuccess.com\/\">www.lockeinyoursuccess.com<\/a>\u00a0and learn about our programs and one on one coaching.<\/p>\n<p style=\"color: #2a2a2a;\"><a href=\"https:\/\/tf130.infusionsoft.com\/app\/manageCart\/addProduct?productId=97\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-28810 size-full\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/07\/2.jpg\" alt=\"The Rock Options Trading System\" width=\"400\" height=\"150\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/07\/2.jpg 400w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/07\/2-300x112.jpg 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/07\/2-250x93.jpg 250w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><\/p>\n<p style=\"color: #2a2a2a;\">no relavent positions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whenever market conditions are similar for an extended period of time it\u2019s not that difficult to come up with a trading methodology that works remarkably well. When this happens I\u2019ll see two things. First is a bunch people selling advisories and set ups. And second are traders who think they\u2019ve found the Holy Grail and want to retire. From early &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/learn-to-trade-before-you-need-to\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,3926,451,453,1373,455],"tags":[3615,859,2255,2243,1143,2244,4683,38,4032],"class_list":["post-38780","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","category-john-locke-3","category-smb_video_blogs","category-trading_ideas","category-trading-lesson","category-trading_psychology","tag-3615","tag-859","tag-income","tag-john","tag-july","tag-locke","tag-options","tag-trading","tag-video-blog","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Learn To Trade Before You NEED To | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/learn-to-trade-before-you-need-to\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Learn To Trade Before You NEED To | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Whenever market conditions are similar for an extended period of time it\u2019s not that difficult to come up with a trading methodology that works remarkably well. When this happens I\u2019ll see two things. First is a bunch people selling advisories and set ups. And second are traders who think they\u2019ve found the Holy Grail and want to retire. From early ... 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