Don’t make the mistake that keeps most people from sticking it out in this industry…
…and eventually making it to the holy grail of trading success.
When you’re trading: it’s you, four walls, the computer and a high speed internet connection. That’s it. And that’s what can make trading stocks and options online a lonely place.
Thankfully, there are virtual support systems and groups in place to keep you connected and feeling that sense of a community – which could be the difference between your success and failure.
But why should you even consider joining a Stock Trading group?
Reason 1: You Are Not Alone
When I first got involved with the stock market, at times I felt lonely and like I was going against the trend of life.
Everyone else was focused on school… or their jobs… but no one was really interested in the stock market. I knew I was either on to something big, or everyone else knew something that I didn’t know which is why they stayed away from it.
Either way, I had to find out which one was true.
Most people called me crazy or simply said the stock market does not work – but I charged forward with learning this industry anyway.
What helped me get through those lonely times and difficult trades was knowing that my cousin and I were tackling it together. So even though we did not have a group per say, it helped just having one other person to talk to, run ideas by as well as keep me on my game plan when I started to veer off track. I can’t tell you how awesome it also felt to have someone else feel like they were crazy with me for going after their dreams too.
If only for the sake of sanity, and not talking to the walls in your home all day, you should look into partnering with another trader or joining a group for the human interaction.
Not only that, but being able to connect with ideas and rub shoulder to shoulder with people who are learning is motivating and holds you accountable.
Why do people who have a workout buddy succeed in their work out routine more than those who don’t? They are accountable, encouraged, and not alone.
Reason 2: Get Around Like-Minded People
The saying goes: “You are an average of the five people you hang around the most”.
And the reason is: Their thoughts and actions start to rub off on you after while.
If most of your life you have been around people who work a job or have never tried anything outside of the traditional 9-5 to earn income, then how much insight can they provide you with on your new journey?
Usually these people can’t provide any insight, but often times, unfortunately, they end up mentally bringing you down and making you question your new found path to wealth.
This is why it is crucial to get connected with a stock trading group – so you can be around like minded people going after their dreams in the same industry.
Reason 3: Learn From a Diverse Range of Experience
In stock trading groups, like inside ours at Power Trades University, you can benefit from the different diverse backgrounds and experience of other traders.
We have people from all over the world in there – hundreds of Group Coaching members who had to start somewhere, too, just like you.
Two people bullish on a certain stock can enter the same trade but one can see an opportunity to minimize risk using options while the other see’s a long term play buying the stock and holding for dividends.
Which one is right?
They both are – but having two different perspectives can help you think of strategies you may not have considered before as well as avoid risk you may not have accounted for.
The synergies that are brought together from a group of traders with different styles can shave months and years off the learning process.
There is power in joining a stock trading group with people who think like you but at times see trades different from you so you can learn from each other.
And when you have everyone learning together, people can be supportive of your journey and see exactly where you are coming from – because they were right there with you before, too. They had the same questions and wondered the same tactics.
To Put it All Together…
If you are in the stock trading industry long enough, it can start to feel like a lonely place.
Working from home can isolate you from what you’re use to – which is talking to co-workers at the water cooler and connecting with people.
You need an opportunity to connect with other humans and not just your computer.
You can also benefit from being around like-minded people and learn from their knowledge and experience. One of the best ways to do this is by joining a stock trading community, such as Power Trades University, or at the very least find a trading partner that you can communicate with and bounce ideas off of as well as share your frustrations to help keep you sane.
One of the main reasons why I developed Power Trades University is because I have been right where you are – feeling like it was me against the world AND the stock market.
The University forum is not only a stock trading group, but it’s more – a community of people who have come together to connect on ideas and push each other to succeed. While we have our two-hour live weekly group coaching sessions, throughout the entire week members are posting trading ideas and what works for them.
It pushes even myself to be a better trader, and I know it has the same effect on the members.
If you want to be apart of this incredible stock trading group and community, too, then click here to check it out.