Friday Feature: The Myth of Being a Trader (Part 3): You must be so lucky!
May 3, 2019
When you play to succeed as a trader, you don’t play to get lucky, you play to define the probability of luck like you are a game maker.
Pearl Li —
I can’t tell you how many times I have come across individuals that think investing and trading is all about luck. When they see me, they only see a glimpse of what I am today, without asking the question of how I got here. Somehow, it’s so easier to assume I was lucky, had magic or just being super smart! (See Myth of Being a Trader Part I: You must be so smart!) The unglamorous side of how a person got to be great at something is so often ignored.
When I first started trading, I was at a consistent loss for 1.5 years. What kept me going was not the feeling of luck, it was my desire to learn and my belief in myself to succeed as a trader. For those of you who are struggling like me, I want you to believe in yourself too. You are the creator of your own life and the catalyst to create your own high probable luck.
We all like to have luck in our lives, a trader is especially lucky not because he/she has magic, but its because he/she understands how to work with high probability to increase and maintain the success rate of all the trading strategies he/she deploys under all market conditions. Over time, the high probability will seem like constant luck, but it really its just practice, practice, practice.
I once was ridiculed for paying for mentors and education to learn how to trade. Frankly, I didn’t care too much on the price I was paying, because I wanted this skill so bad. This is an ultimate gift one can acquire to pretty much winning the game of financial freedom for life. All my investments in education only helped to accelerate the high probability success creation. So, the more mentors I got, the more probability I had to succeed overall.
Today, I am about to get to know my mentor #6, who is part of the proprietary trading firm that I will be working with. In addition, I host a peer mentoring group in Seattle with experienced Tackle Trading members along with being a mentor myself. Each piece is an additional investment I make to increase my probability of success as a trader.
When you play to succeed as a trader, you don’t play to get lucky, you play to define the probability of luck like you are a game maker.
Pearl Li. The Theta Finder. In the Making.
Pearl Li previously has been a product management professional for more than 10 years working at well-known companies such as Amazon and Nielsen Company. She took the leap in 2016 with Elite Legacy Education to learn about building long term wealth through financial market trading/investing. In 2018, Pearl happily left her job to pursue investing/trading fulltime producing theta style trading that generates monthly cashflow. She is thrilled to be a voice on the Tackle Trading platform to share her transformation as she goes through various phases of her growing experience.
Financial freedom is a journey
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