The stock market is one of many ways where people can create a good living for themselves, and achieve the financial freedom they have forever dreamed of. The reason the stock market is quite popular is due to the potential gains that can be made in a short time while sitting in your pyjama’s in front of your computer screen.
But the cold hard truth is, many attempt to fulfil this dream, but only a select few achieve it. To be blunt, most people who enter the markets fail shortly after they have begun. One of the core reasons for this is due to people entering the market under a very popular misperception, and this misperception is setting unrealistic goals in rupees amounts before you have started your potential trading career.
I am sure a lot of people reading this article have been on social media and have seen screen shots of people posting four to six figure gains they made in the market that day. After seeing that screen shot, you probably thought to yourself, “I wish that was me”. Then at that point you think, well if that person can do it, then so can I.
At this point you have already created an unrealistic expectation upon entering the markets if you have chosen to do so. The reason for this is because you are comparing your hopes and dreams to the rupees amount you have just seen.
When entering the markets with a false perception tied to a rupee amount you have seen or heard of other people making, you will more than likely fail, being one of the 90% if you begin your trading career in this mind-set.
Becoming a successful trader takes years of practice, it is not a skill that is acquired overnight. Thus, when you first enter the market you need to keep your expectations realistic, for example, expect to lose money the first year or two while you are learning and developing your foundation.
Every successful trader who you have seen or heard of acquiring financial freedom through the markets, did not do so without hardship. They all had to learn and develop a foundation to become successful and at one point or another they learned to keep their earnings expectations realistic to the financial position they were currently in.
Achieving financial freedom in the markets is quite feasible, but to do so you must fully understand that the market is not a get rich quick method, it takes hard work and dedication. If you enter the markets with unrealistic expectations, with hopes of becoming rich overnight, odds are you will fail.
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