A student recently asked me how I stay motivated to trade when I’ve already made $3.5 million in the stock market. You may be wondering something similar…
Why don’t I put my money into index funds or dividend stocks and live off of the interest stress-free?
The answer’s simple…
For me, the stock market isn’t about attaining a certain dollar amount — it’s about becoming the best trader I can be.
Bottom line: I love to trade.
Sure, I like making money as well. But the love of the game comes before the financial rewards in my mind.
This is why I’ve survived 10+ years as a professional trader — I live to trade, regardless of my results.
With these things in mind, I want you to ask yourself a key question … What are your goals in the stock market?
How can you better set yourself up for success and avoid disappointment? I’ve got a few ideas…
Learn From the Best
Before we get into the specifics of goal-setting, I’d like to talk about how I learned the finer points myself.
I’ll be honest … I was lucky when I was first starting as a trader.
I found Tim Sykes’ Trading Challenge within my first few months of researching the stock market — and it completely changed my life.
Sykes’ approach to money is unique. He doesn’t care about making a certain dollar amount, as many other people do.
Sykes goes miles beyond most by donating 100% of his trading profits to charity these days. If you want to hear more about Sykes’ philanthropy, check out the video below…
Learning Sykes’ philosophy first-hand showed me the importance of avoiding financial goals.
These days, I hope that I can pay it forward by passing this critical lesson along to you. (There are a lot of lessons I wish I could go back and teach to my younger self!)
REMEMBER: Trading isn’t about making a certain amount of money — it’s about reaching the goals that are right for YOU.
That’s a perfect lead-in to my next tip…
Don’t Set Financial Goals
Since I’m paying it forward for Sykes, let me reiterate the main point I tell students about goal-setting: don’t aim for a specific dollar amount.
Why? Because working toward financial goals will inevitably leave you disappointed.
Take it from me, a millionaire trader. If you’re truly dedicated to becoming the best trader you can be, you won’t be satisfied just because you have a certain amount of money in your account.
‘Making it’ as a trader isn’t about money. It’s about knowledge first and foremost.
[VIDEO] A Rare Live Interview With Two Millionaire Traders...
To trade options, you DON’T NEED:
❌ A big account…
❌ To stare at your computer all day every day…
❌ A stockbroker…
Because there’s a way to trade stocks (from home) without struggling through the unnecessary risk and hassle most newbies go through…
To get started…
After all, there’s a reason that 91-year-old Warren Buffett is still working hard at trading every single day — even with $100 billion+ in the bank!
Big picture: Trading is a lifelong journey.
It doesn’t matter how long you’ve been in the markets … There’s always more to learn.
I thought my life would be completely different after hitting the millionaire milestone. But much to my surprise, it wasn’t.
Frankly, I STILL approach my trading the same way I did when I was a broke newbie. And I think that mindset has helped me grow my account exponentially over the years.
My advice? Don’t set financial goals.
Instead, set specific educational milestones you’d like to achieve — then work tirelessly toward accomplishing them.
Trading isn’t easy. But setting realistic educational goals can help to make the journey more rewarding — and less disappointing.
If you’re in the markets only for the money, you’re setting yourself up for failure.
You’ve gotta love to trade first … then study diligently to become the best trader you can be.