When we start something new, we usually need an example or a role model, someone as experienced and successful as we would like to become one day.
We truly hope that these series of short notes will help to choose one perfect example of trading success to you and make it clear that binary options can be a game and a life's work both, depending on your approach.
Starting from the age of 14, Jesse Livermore has decided to link his fate with stock and financial markets. Even now it seems like a very brave thing to do to end up with your old life in order to start something completely new, especially when you are as young and unexperienced as he was that time.
Sometimes we are afraid to leave the comfort zone and start making our dreams come true and the point is it cannot be justified by our current needs. First lesson from Jesse is determination - if you have a goal, you have to work hard to get it, no matter what.
Working on stocks, he kept making his own calculations and observations of the various economic events and checked it up afterwards. Surprisingly, one of the main characterstics of every professional trader nowadays is constant analyzing of everything that have even the slightest impact on the quotes movement. If you want to be good at it, you need to have a sharp eye and never sleeping mind.
In his life Livermore had earned and lost fortunes several times and every time he had to start from the scratch. People might say that giving up was not a part of his nature, but maybe it was, because quite often without losing you won't be able to win.
Among his main trading rules was increasing the size of your position when it goes in the right direction and cutting losses quickly. A lot of traders take it for granted today, while actually this security strategy was invented by one man in the beginning of 20th century. Don't be scared to think and act differently from others - sometimes one man can change a world or his own life at least.
“…the fruits of your success will be in direct ratio to the honesty and sincerity of your own effort in keeping your own records, doing your own thinking, and reaching your own conclusions".
Inspiration in trading is as important as it is in art. Keep working on developing your own trading skills and combining it with already existing strategies and it will become your friend, not your enemy. Start making your own history with Ayrex.