What does a demo period look like? Well, it's these three things...
In last week's post I touched on it so here we go!
Let me paint a picture for you…
You and I are on the phone a handful of times. I will teach you the strategy, dissect the indicators, and make trades.
All the fun stuff, right?
I'll also hold you accountable as you practice in the market between appointments.
In addition, you will write down your goals, watch live and recorded webinars, and other of tasks aimed to arm you with knowledge.
In each appointment with me, the first thing I'll do is take a look at your trading account.
I look for these three things here:
- Do you have a stop loss?
- Are your parameters set correctly?
- How consistent were the trades?
Why the stop loss?
Because if you choose not to protect the account with fake money, how can we help you with real money later? Why would we give you even a dime more to use if you could lose it all in one mindless unprotected trade.
What about parameters?
The reason I look at parameters is because I'm looking for the attention to detail based on what is taught and asked. I'm deciphering and assisting in what emotion may or may not have taken you over in the trade.
And the consistency of trades?
I am looking for consistency because the person who chooses to be in the market every day, regardless of the amount of time, is the person who is met with more consistent success.
These three things create accountability.
You can't go to the gym once a week and eat donuts every Friday and expect a six pack of abs, right?
It's the choice to be consistent and accountable, whether it's physical health or it is business.
And with trading, you can't expect financial gains if you're not intentionally consistent within the market.
Now these three things are not meant to scare or intimidate you, they are to create accountability.
And if you allow me to guide you in the steps needed for a better financial future, I'm yours till the very end.
All of that starts with you and how you choose to show up to the demo period.
To read the first post in this series, please visit here.
Are you ready to jump in and get started? Let's go!