As fathers, a primary duty that we have is to prepare our kids for the adult world, to make sure that we do everything we can to ensure that they’ll survive and live happy, productive lives.
Over the last couple decades, trading has opened up to individual traders like you and me, unlike generations past.
This presents a challenge when we’re talking about being prepared.
Because trading is definitely for grown-ups only.
No place for the ignorant, naive or weak at heart.
This is an occupation where you have to be prepared in order to survive and enjoy the bounty that’s available.
Now while my father did his best to prepare me for the adult world, teaching me what he could, he did little to prepare me for trading.
How could he? He had never been a trader himself to know.
And that made it a double-whammy for me.
In addition to trading being new for me, there was no ‘parental experience’ from which to learn.
That meant that I was starting from scratch, left to figure it out completely on my own.
Now, I’m sure you’re like me, a little smarter than the average bear and not afraid to step out of the norm and try new things.
But while trading IS a very simple business, it still has its requirements for success.
And if you are ignorant to those requirements, there is a penalty the markets will impose until you bring yourself up to snuff.
What requirements?
Well, first of all that you get yourself organized.
Secondly, that you acquire the skills you need to be good at trading.
Heck, most traders don’t even really have a system. They only have an idea for a system, then wonder why it’s so hard to stick to it!
Being good at trading means knowing how to select a reasonable strategy, then to be able to properly systemize the method chosen to implement that strategy.
In our parents’ generation, trading was not commonplace.
So our father’s likely did NOT have experience of their own nor did they foresee that we would choose to become traders.
They just didn’t see it coming to prepare us.
That’s okay.
I still love my dad, always will. He was a good man.
My kids will be ready for trading, of this I’m sure. All the things I can’t foresee, I’ll have to help them deal with as they come.
Best wishes to you on this Father’s Day.
Cheers!
TraderBrian
“Trading Turnaround Specialist”
P.S. For insights into how to prepare yourself to be a successful trader, register here for instant access to a powerful presentation,