URGENT: You have until October 15th to watch this free guide in its 11-hour entirety…trust me you don’t want to miss this deadline!
Do you have what it takes to succeed as a trader and become my next millionairestudent?
Attaining success in the stock market (or really, at anything you do) isn’t just a matter of luck. It’s a matter of taking the time to learn how to trade stocks, applying your knowledge, and really sticking with it, even in the face of adversity, failure and mistakes along the way. If you have patience and perseverance, attaining success is really accessible to anyone who is willing to put in the work and effort, but the thing is, there are relatively few people who are willing to put in the time and effort for the length of time required.
My millionairestudents prove the exception to the rule. They never fail to impress me with their genuine drive, work ethic, and will to succeed and over time, I have noticed that all of my most successful students of mine share certain traits. Here, I’ve put together a list of 7 successful traits of my students. Cultivate these traits and make them part of your daily habits; chances are, you’ll see improved success in your own life and career.
1. A willingness to learn. If there’s one common trait among my most successful students, it’s an open mind and a genuine desire and willingness to learn.
If you already think you know it all, your ability to learn the market will be limited from the get-go. However, if you’re willing to admit that you have a lot to learn and that you want to immerse yourself in knowledge, then the sky’s the limit.
Signing up for my millionaire challenge is often the first step on a student’s journey. It’s also a commitment that shows that they are ready to learn. It is my honor and privilege to act as a mentor to my millionaire students.
Download this cheat sheet of 7 successful traits of my millionaire students.
2. Clear goals. When students enter my, their goals are often vague and non-specific. For instance, a common goal might be “become a millionaire” or “have lots of money”. It’s vital that they refine these vague goals into very specific goals. For instance, instead of “become rich”, a goal might be “buy a 3 bedroom house in the city and buy a luxury car”.
By gaining clarity on their specific goals, they actually make attaining them far more possible. First, the goals become specific motivating factors, which keep students on track with their studies and helps them stay motivated when times are tough. Second, having specific goals is like laying down a basic blueprint. Now that their idea of success has a definition, students can focus on breaking down these goals into manageable milestones.
3. Drive. It’s one thing to be able to set clear goals. But, to be able to reach those goals, you have to have drive. Some might call it self-motivation; others might call it a fire in your belly. Regardless of what you want to call it, this trait works hand-in-hand with setting goals.
How do goals and drive work hand in hand? Even if you’re an exceedingly motivated person, no amount of drive will gain you success without direction. It’s those clearly defined goals that give direction to your desire to succeed.
4. Patience. It’s been said that patience is a virtue. And, while it might not be the sexiest trait (some might say downright boring), it’s certainly an important one. As much as you might like things to happen right away, it can take time to find success as a trader. You have to learn the system and start out slow.
One of my students, Matthew Miller, is a stellar example of patience. For the first three months he took part in my, he made no trades at all. This isn’t because he was lazy or scared, but because he was watching, learning, and waiting for the right time. His patience paid off: by the time he did start trading, he found success very quickly, and within several months he couldn’t imagine his life any other way.
5. Discipline. You’re not going to find success as a trader if you’re inconsistent. Trading for an hour here or there once a week simply isn’t going to yield great results. You have to be very disciplined about dedicating time every day to learning, trading, and mastering the process.
Many of my successful students find that establishing a routine is one of the keys to success. Many of them follow my example of waking early, so that they can tend to responsibilities that could prove distracting during trading hours, spend time learning, research potential trades, and be prepared by the time the market opens.
6. Persistence. It can be very easy to give in and give up after a trade or two or even a dozen goes bad or when you feel that you’ve failed. But it’s important that you keep going. The ability to persist in the face of adversity may prove one of the most difficult traits to master, yet one of the most important. Please read this post about a few students who persevered and were rewarded over time.
There’s a saying that goes “when you’re going through hell, keep going”. This is very true in trading. Don’t shy away from failure. Learn from your mistakes. Let them make you stronger. Then keep going. Persistence is key.
7. Passion for the process. It’s easy to have a desire to make money. I mean, who doesn’t want financial freedom and the ability to afford the things that they need and desire, without a second thought? But, a desire to make money isn’t enough. My best students display another trait: passion.
Talent at trading can make you money, but it won’t lead to a fulfilling life. A trait that you’ll see in successful people, including my best students but also longtime millionaires, is a true and sincere passion for the process of trading. They develop a deep love and passion for the process involved in trading, with its adrenaline-spiking highs and sometimes jarring lows. If you don’t love what you’re doing, why bother spending your life doing it?
Attaining success is possible for any type of person, from any walk of life. But, in my experience, my students who exhibit these traits tend to attain it much faster, and have longer-lasting success as traders. By cultivating these traits, and making them part of your own life and habits, you’ll be radically increasing your chances of success as a trader.
What’s holding you back from success and what are you willing to do to achieve it?