Expectations by Adrienne Toghraie, Trader's Coach

Over the 22 years that I have been a trader's coach I have listened to many traders describe the expectations they have for their trading career. Some of those expectations are built on a solid foundation of accumulated resources and others are built on wishful thinking.

· Becoming a trader? · Being a trader? · Expanding your ability? · Profits you will earn? · Having a balanced, happy and healthy life?

· Books read · Workshops and seminars attended · Coaching you have experienced · Money that you have saved for your trading business · Support from significant people towards your trading goals · Business plan for trading · Profitable strategy that has been tested

I have met many traders who have collected lots of resources, but somehow cannot put them all together to make them into a profitable trading career. Here are the paths of two traders with the same expectations for reaching the top of their trading profession. Sam's parents directed him towards having a career in engineering since they thought he would do well at that profession. He received a master's degree and was on his way to the corporate world where he would begin to build an account that later would start a trading business. Sam discovered that while he enjoyed the process of becoming an engineer, he found the work boring. He discovered trading after six years of working as an engineer and knew that trading for a living was the direction that he wanted to go. At the point of discovering trading, Sam married and had two children. When his family found out that he was studying to be a trader, they did everything to discourage him. Sam decided that he had to educate himself to the point where he would become a successful trader from the beginning of his trading career. He read over a hundred books, went to several seminars, became a member of an investment club and simulated many trading strategies. After eight years, he is still looking for the perfect strategy that will not possibly lose money. Tom was the kind of child that wanted to be everything from a fireman to a super-hero. Since he was always changing his direction, his family did not take him seriously. Tom barely made it through Junior College and wound up in retail sales living at home at the age of twenty-one. Then he discovered trading and was hooked. His parents were delighted and told him that they would support him in every way. Tom was fortunate to start with Sunny Harris' book, Trading 101 and then went on to Trading 102. When Tom decided to become an Options Trader, his father did some research on who were the best teachers. A few courses led to private technical coaching and Tom was on his way. He heard that traders usually take at least three years to become profitable and had that expectation. Tom's family gave him the money it took for his education and gave him fifty thousand that they had put aside for his education. From the start Tom self corrected with every lesson and within a year he was earning consistent profits.

Expectations should have a foundation of focused resources, passion, support from significant others, persistence and knowing how to overcome hurdles.

coaches traders and investors to their next level of success by helping them overcome their self-imposed limitations. She has been a keynote speaker since 1989, author of 13 books and owner of

tags and any entities - discipline,self-sabotage,trading psychology,education