How Does Trading Compare to A Real Job?
Before I share with you the benefits and pitfalls of trading vs having a real job, I want to say up front that I am not advocating that when you finish reading this you should quit your job and sack your boss, although you are probably going to want to do so once you have acquired enough in-depth knowledge and experience in trading.
A traditional job is one where you are generally working for someone else, you are told what you are going to be paid, what time you must show up for work, when you can go home and when you can take your annual holiday leave which is usually no more than two weeks at a time. There is nothing wrong with having a traditional job, however what you must realise is, if you are happy having a traditional job then you are going to need to be happy with living an average life. Making an average salary, living in an average house, driving an average car, always flying economy, never having extraordinary holidays EVERY YEAR. You’ll spend a huge amount of time privately wishing you had more money and very sadly you’ll highly likely retire on the pension. Why live an average life when you can acquire the knowledge and skills to excel.
But let’s face it trading may not be for you. You may not have what it takes, you might lose money, so you better not give it a shot. That’s what a lot of people think, they procrastinate about starting a journey that could change their life in such a positive way because they fear they may fail. That’s why so many people settle for average because they are scared of failing and what other people might think of them. So, they spend their entire life being Joe or Josephine Average.
I understand why people are fearful. I was fearful too. When I first started trading when I was 28 years old, I had just finished a professional water-skiing career and I needed to transition into the real world. I didn’t have a University Degree; I’d never even had a real job up until the age of 28 and I was married with a small family. I had a mortgage I could not jump over and bills piling up left and right. I was desperate.
When I first started looking around for help people who sold trading education seem to all paint this rosy picture of you replacing your income sitting by the pool with your lap top sipping on cocktails. All within your first few months. Thankfully I did not get sucked into that trap and as I point out in my weekly seminars I decided to hire only traders that hasd worked at investment banks to teach me. Poolside trading is not reality when you start however if you are prepared to do the apprenticeship of learning how to trade successfully then within 12 to 18 months you can have an investment system that can generate outstanding returns on investment every year for the rest of your life. And you can then sit by the pool as much as you want.
It took me around 3 years before I could support my family from my trading investments and during my first 2 years learning to trade, I took a job to help me supplement my income. I do know what it’s like to fight the traffic, work 9 to 5 in the concrete jungle and be told how much I was worth. I hated it. Having a real job drove me even harder to ensure I made it as a trader. It only made me hungrier.
In my first few months, I was all alone, no mentors and nobody keeping me accountable like you have access to today. If I had an organisation like Trading Mastery to guide me, I would have likely been able to short cut the 3 years into 1 but as it turned out I learnt the hard way and gained many valuable lessons as a result. When I made the decision to hire real banking traders was when my results sky rocketed.
After 20 years trading, I consider that I have the best career in the world. I have a back door that goes onto the beach which is my first stop every morning at Sunrise. I spend around 60 minutes a day studying the markets between 7am and 8am, analysing any positions I have and then rest of the day is mine to enjoy. My family and I spend around 3 to 4 months of the year travelling o’seas and I continue to trade the entire time.
Just imagine having a money-making machine in your own head that nobody can take away. Imagine never having a ceiling on your income, being able to live and trade from anywhere in the world, never having to work 9 to 5 every again. All you need is the knowledge, a computer, internet connection and some funds in your broking account. That’s what I call Freedom and whenever anyone asks me what trading is like compared to a real job my answer is always the same. Freedom.
Surely, there must be some drawbacks and turn offs. Absolutely there is and one of the biggest turn offs for many people is the randomness of results. When we trade, we use a system that gives us an edge, something that over time allows us to win more often than we lose. But the challenge is the edge delivers profit randomly and it is impossible to know which trades are going to be in the winning ones and which are going to be the losing ones. Very similar to how a Casino operates with gamblers. A Casino has a random edge over the gamblers and it cannot determine which roll of the dice or dealing of the cards is going to make the Casino money. All it knows is that if it rolls and deals consistently the same way with its edge, over a series of rolls and deals it will win more than it loses. It’s a pure numbers game but it makes a fortune.
The reason mum and dad retail traders lose money in financial markets isn’t because they are silly or can’t follow a system. What they succumb too is the randomness of the market and they can’t follow their trading edge because they are expecting certainty on every trade. Remember they have a job! They go to work from 9am to 5pm and at the end of the week they get paid. They are use to certainty and when they begin trading, they don’t respect and understand that certainty only exists after a series of trades, and it is impossible to determine which trades will be winners and which will be losers.
The difference between trading and having a real job is freedom, but you won’t truly be free and be able to make meaningful results until you learn how to understand the numbers game of trading. But the great news is this is simple, anyone can learn it and once the penny drops you will never look back.
If you are someone who is tired of being average, worried about your earnings growth, in need of a career change, or perhaps you are longing to retire without money worries then at least let me and my team share with you the techniques that can potentially solve your challenges. I cannot guarantee your success, your attitude, consistency and willingness to be open minded to the process will determine that. We just need to get started.
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