Here's another birthday gift and for you in honor of my 36th birthday this past week. I HIGHLY suggest you take advantage of it ASAP CONSIDERING THE SALE ENDS IN JUST 24 HOURS Download the key points of this post as PDF. I get lots of notes and emails and tweets from my\u00a0Millionaire Challenge students. Often, it's just a couple of sentences that say "thanks!" or a paragraph or two about how much they've learned from me. But every now and then I get more. Sometimes students want to share what they've learned while in the Challenge, which is great, because then I can pass that on to all the other students, or all the other would-be students who haven't yet taken the plunge and fully invested in their future. It's all well and good for me to post interviews with my top students who have made high six and low seven figures** like: ** ** ...but what about upcoming newer students who might not have made that much yet, but are learning nicely and on the right track? Most recently, I received a message from my trading challenge student Nick. Nick began his challenge in November 2016, and spent the next few months learning. His takeaways are great, and if you've just started the challenge or are thinking about applying to become a millionaire trading challenge student, this is a must read. The 6 Most Important Lessons I've learned After 6 Months In The Millionaire Challenge, According to Nick Lesson #1: \u00a0Want it How bad do you want it? \u00a0You are responsible for shaping your future. Success takes time and determination. It is earned, as few will be handed anything on that proverbial silver platter. Take a minute to focus on what it is that you desire and what steps you are going to take to get there. Have a plan and make it your mission to execute that plan. You will get discouraged along the way. Everybody falls down. It's how you pick yourself back up which shapes you as an individual. Don\u2019t make excuses. There is always somebody out there who has it much worse than you, and somehow finds a way to prevail. In summary - Attitude is everything. Lesson #2 Reflect on the positive, grow from the negative You have to be able to understand what your proficiencies and deficiencies are when it comes to trading. I\u2019ll be the first to say that I\u2019ve got an incredible distance to cover on my path to achieving consistency and success. I\u2019ve been constantly expanding my trading journal throughout my short time traversing the market. If you don\u2019t have a trade journal, start one now. At the very least, record your trades in detail on Profitly. This is crucial to the success of your journey. I spend a lot of time reviewing each of my trades and reflecting on my entries, exits, risk level, price targets, etc. This has helped to shape my trading going forward as I\u2019m able to think back on the last time I traded something similar, and the outcome of that trade. The biggest losses I\u2019ve taken have also taught me the most. Don\u2019t be embarrassed about mistakes (or in my case - pure stupidity). Grow from it. If life isn\u2019t about bettering yourself each day, then what is it all for? Lesson #3 \u00a0Find what works best for you and\u00a0capitalize\u00a0on it\u00a0 I had never traded a stock in my life prior to October of 2016. I really struggled during the first four months of the challenge, after getting accepted in November. There was an overwhelming amount to learn. It took me a long time to realize that I needed to break the different aspects of trading up into pieces and take it in stride. I watched video lesson after video lesson, focusing on one subject at a time while absorbing what I could about other aspects of the market. And I finally found my passion after discovering short selling. Trading went from something I really enjoyed doing, to something I couldn\u2019t get enough of. I had been getting out of bed each day around 4:30am Central time. This was after hitting the snooze button multiple times. After discovering the joys of short selling, I barely needed an alarm anymore. I continued to focus on shorting and finally pulled myself out of the red, achieving profits after months of struggle. That feeling was unlike any other. I\u2019m finally starting to \u201csee the light\u201d because of it. Find what your'e good at throughout the vastness of different trading strategies. Focus on it and work towards becoming consistent. Build your knowledge base and skill set off of that. Lesson #4 \u00a0Stay\u00a0focused on your goal Why did you decide to start trading? For me it was because\u00a0I was tired of just getting by in life. I wanted more. I have a goal to become financially healthy. It is important to keep your goals in the forefront of your mind. Use it as motivation. Have short term, mid term, and long term goals. This has been a key factor in helping me grow not only in life, but with my trading. Each week I\u2019ll set a goal and repetitively work towards it throughout the day, each day. This week my goal has been to respect risk. I\u2019d taken a few big losses recently in not doing so. I\u2019m working towards this goal day in and day out, in order to become more consistent. By learning to work towards something specific, I've fine tuned my abilities. Lesson #5 Protect your capital This is one of the single most important aspects of trading. You must protect your capital. Holding and hoping is not the answer. Make a trade plan and stick to it. Cut your losses quickly when your plan doesn\u2019t work out. Tim Grittani said something in one of his webinars that really hit home with me: "Your job\u00a0isn\u2019t to trade but to manage risk - where are you risking off going into the trade and with how much on the line? That's really all trading is.. putting yourself in high odds situations, and getting the hell out the times the situation fails. good trading is much more reactive than predictive.\u201d If that\u00a0doesn\u2019t sum it up, I\u00a0don\u2019t know what does. Lesson #6 Never stop learning Knowledge is everything. There are countless hours of material to learn from. I\u2019ve always got a video lesson playing throughout the trading day, constantly absorbing everything I possibly can. As far as i\u2019m concerned, you can never know enough. Never stop building and growing. Keep moving forward. ____________________________________________________________________________ Thanks, Nick! \u00a0If you have a list of lessons that you'd like the share, drop me a line so I can share it. Download this cheat sheet\u00a0for 11 steps to becoming a successful trader.