Imagine yourself as a winner – someone who has gained ultimate success from trading. You have been trading for many years and you have accumulated huge sums of cash and finally you are living your dream driving a luxury car and vacationing in the Bahamas. You have been working crazily for five years. Sadly, this imagination can only come true when you have done a major revamp in your life and you have hit a big positive mark on your finances. You have to wake up to reality and start working your way to the top. To do so, you can start by asking yourself some simple questions. Would you trade in a different manner if you have ten million dollars compared to ten thousand dollars? Do rich people trade differently than average traders? Does owning a huge bank account alter the psychology of trading?
The answers greatly vary on your understanding level about money, people, and of course the market. Here are some insights that can help you trade like a winner and become a winner in the end.
IT IS JUST ZERO
Yes is the answer to all of the questions above. Successful trades have different mindsets. If you are a baller trader you tend to trade differently than a regular trader. This is why you can be called a baller because you are unique and you are fixed in the average trading zone. However, you do not have to worry because if you think straight and you gather some patience then you can become the best baller trader in your market. It would be surprising when you know about the beginnings of most baller traders. They probably started the way you did.
A major point that may get into is that money is just numbers. A trader with a baller size account just have more zeroes than you do. They breathe the same air as you do. The different is that they just think and trade differently than you do. As a result of trading in a different manner, they have more zeroes. If you read on you will learn more about the nature of a baller trader.
FAKE IT TO MAKE IT
You have to put in mind that it doesn’t mean that you have a huge trading account you can be a successful trader. A lot of aspiring traders hope to join enter the industry with huge sums of cash around fifty thousand dollars to a hundred thousand dollars or more. These people blow their savings quickly later on realizing that they made horrible decisions. In the above questions it was asked if owning a huge bank account can alter the way you do trading. The answer of course is yes. The idea of having a small or big bank account must not alter the trading process. Yes, it is a fact that if you are a trader and you have a baller size account you may have a varied psychology as a trader than normal traders. However, their trading methods should not be different as yours. Moreover, if you want to have that baller trader mentality, it can be achieved quickly by ensuring that your trading manner can be like that of a baller. This means that you must fake it so that you can make it.