Perhaps you have seen a person who owns a successful stock trading business living life to its fullest. Perhaps you want to emulate that person by joining the world of stock trading. Perhaps you want to make the big bucks by trading. Stock trading, after all, is not a discipline that requires you to have a degree, no. You do not have to a special skill that only a select few can get. More importantly, you can start trading stocks with a very low capital, which is probably the reason why people get into stock trading in the first place.
In reality, however, things are not as wonderful as it is. While you do not need to have a bachelor’s degree, having one in business can give a MASSIVE boost for your success. You might not need to have a special skill that only a few have with them, but that special skill can be the thing that makes or breaks your stock trading life. Opening up a stock trading account would not cost you much, but because money makes money in the world of stock trading, giving out only a little would only net you a little amount as well.
Those three are just the tip of the iceberg when it comes to the hardships that you will encounter in the world of stock trading. In fact, there are a lot of them, and we want to talk about them bit by bit below.
Learning how to trade stocks is not exactly easy
You might see those commercials that tell you how easy it is to open up a stock trading account. Those commercials will include words like ‘easy’, ‘no hassle’, ‘instant profit’, and other wordy whatnots. Truth is, they are right in all of them. Opening up a stock trading account is VERY easy these days. All you got to do is to click on several prompts, fill up the empty boxes with your information, and click make an account. When you already got an account, you can then start trading, in which you will then earn your profit.
It might be easy and it will give you no hassle when you are trying to open up an account, and you might earn yourself a profit after you have traded the stock, but there is one minor thing: your profit will definitely be very small if you have just started (and with a tiny capital as well).
To get yourself going from stock trading alone, you need to understand how to manage risk, and risk managing is not exactly an easy skill to learn. You can find a lot of instructors that will be willing to teach you that skill, but their services would not be cheap.
You need to be HIGHLY disciplined
We wrote highly in caps because you need to have a LOT of it. Stock trading is a skill that will require your discipline. You will be needing to watch the prices of the stock in a zealous-like manner, sticking your eyes to it until the stock market closes and day trading is no longer allowed for that day. You need to keep an eye on the each and every one of your stock that you got in your portfolio, all so that you can quickly sell the stock that is increasing.
There will always be a risk
And you will always lose unless you got a lot of stocks in your portfolio. Stock trading is a highly profitable discipline, but there will always be a risk involved and you can never mitigate it. It is just like gambling, where the unexpected can happen at any moment. If you are not ready to lose money, then perhaps the stock market is not for you.
That is all we can say about the hardships that you can find when you want to trade stocks. You cannot avoid risks in the stock market and you need to be highly disciplined if you want to make a profit that can feed you for a day. Make sure to put those three things into consideration before you start a stock trading business unless you want to be one of the many scrubs who think that stock trading is easy and fail in the first month.