06 October,2021 12:11 PM IST | Mumbai | BrandMedia
Timothy Luong
Thousands of people in the modern world pay attention to financial and stock exchanges in search of an opportunity to start making decent money. When it comes to trading, however, they soon realize that without the right level of professionalism, little can be done.
To master online trading, you must continually engage in self-education: do market research, increase your level of competence, and acquire experience. Many newcomers to trading, however, find it difficult to manage today's relentless competition and ever-changing trends. This is why many seek guidance from competent trading education firms like Stock Navigators.
We spoke with the company's founder Timothy Luong to learn about the fundamental qualities any successful trader should possess, as well as how his coaching firm guides people towards financial freedom through mastering the art of trading in just 12 months.
It is obvious that most newcomers trade for the wrong reasons and have absolutely no real passion for trading. If a large number of newbies put their hand on their hearts, they will say that they came to the market for quick money. Yet the most successful traders genuinely enjoy the intellectual and emotional challenges that the trading market provides. Having learned through experience that there can be no true success without feeling passionate about one's job, Timothy Luong advises newcomer traders to think carefully before embarking on the complex yet extremely lucrative online trading journey.
To become a consistently earning trader, you must be able to manage your emotions. Most traders fail in the market because they give free rein to their feelings and impulses. They want to make money fast. These cloud dreams are the basis for their judgments, logic, and trading decisions. Expert traders accept the psychological challenges of trading and enjoy them. They never let negative emotions thwart their way toward success. "If you don't believe in yourself then no one else will. So if you can change your mindset and convince yourself that you can do anything, then you can. Having a mindset focused on positivity and success is as important to trading as it is with any other pursuit.", says Timothy Luong.
Seasoned traders understand how to generate money quickly and effectively. This degree of competence, however, does not come easily. All great traders have spent many long hours sitting in front of a computer studying charts until paving their way toward success. Many people who are just getting started with trading lack the discipline to work hard. If you are aiming for big things, you must be willing to put in a lot of effort. Growing up in an immigrant household, Timothy recalls being surrounded by hard work and perseverance. Both of his parents escaped Vietnam during the war and came to the US with nothing more than the clothes on their backs. But that didn't stop them from dedicating themselves to achieving the American Dream. Clearly, this dedicated work ethic runs in the family. Today, Timothy Luong runs his company with one mission in mind: to help newcomers to trading harness the same dedication and perseverance on their way to ever-increasing success.
To become financially independent, you must trust yourself first. A professional trader has a well defined game plan and is prepared for any situation as he trusts his skills and intuition. These skills help eliminate unnecessary costs and overpayments and invest the freed-up funds in the right tools. Yet even confident traders have difficulty harnessing the miscellaneous skills and ever-changing trends needed for success in this sphere. They are driven by the ambition to boost their earnings yet they are unsure how to do so in the best possible way. If you're feeling the same way, reach out to Stock Navigators, a go-to resource for new as well as seasoned traders who wish to leverage their trading competencies.
