diy can lead to failure in trading

My wife and I just moved into a new home. Well, new for us and old for the

previous owners. You have to make the house your own which usually

means doing some minor renovations and some painting.

That can become a challenge especially if the original owners did a

lot of work themselves.

Let me give you a few examples:

1. Hired an electrician to add outlets and an exhaust fan in the washroom.

Turns out the wiring was a hatchet job and required more work on the part of

my contractor.

2. Painters are starting to do their job.

This has required removing some paneling (people still use that???) with a few surprises behind it. As well, the

original paint job has many flaws.

3. A conduit was used to hold wires for a tv on the wall.

Turns out that a few screws were not

enough as they used what appeared to be the most sticky substance known to man to hold it on. Off came some of

the wall.

I've always been a "let a professional do the work" kind of guy when it

comes to many things like painting and installations.

Some obviously like to go it alone which is not a bad thing....if they do it with an attitude of a professional or

with the skill of a pro.

Does this tie into trading or am I just ranting?

In my experience, many people who enter the world of trading are like the homeowner who knows just enough

to do a subpar job.

Without an eye for detail or the work ethic that makes up a pro, many

flounder, lose money, and eventually pack it in.

Electricians and many other trades have an apprenticeship program with

is required for licensing. You work under the eye of the professional as

you hone your skills and become proficient in your trade of choice.

Some tradespeople make a strong income and even start their own companies working on their own

terms.

Sounds pretty much the same as those who enter the world of trading....they

want to make a living being a self-employed trader.

The issue is that many think they can do it on their own. For some, sure,

they can progress up the ranks but for the majority of people, failure is the outcome. To be fair, even under the

eye of a professional trader, it still boils down to you and your issues with:

Following a method

Using proper risk controls

Trade psychology

...but most people don't give themselves a chance to succeed!

Running into losing trades?

They jump systems.

Account balance dropping?

They double up on position sizing.

Want to make more money?

They over trade.

I started in trading with a mentor who kept me on the straight and narrow. I

had someone who, when I did a homeowners subpar performance,

kept me on the right path.

I was lucky to have that! While I made rookie mistakes, they were short lived and it was easy to get back on track.

Many people only have the trading

forums to bounce ideas and issues off of. I don't think that is good enough.

I have never met a trader (not to be confused with someone who simply takes a trade) who has not had some

sort of professional support. There are a handful of companies who do have

your interest in mind when approaching trading education.

Netpicks and their Premier Trader University make it their mission to aid those who desire a trading career. All

coaches are active traders and fully understand the risks and issue

associated with becoming successful as a trader.

The longevity and testimonials of those who have become successful speaks to the quality of the support

you can receive on your journey with Netpicks.

Far too many who could make it, drop off due to issues that perhaps, with the right support, could have been overcome. Instead, much like the previous owner of our house, they

thought they could go it alone.

They thought their efforts would suffice to get the job done

successfully.

While the work was good enough for a time, it wasn't when put under the

microscope.

That microscope for a trader is consistently profitable over the long

haul.

The fact is that many will never be in it for the long haul.

The fact is that they never really gave themselves the chance to see what

they are truly made of.

Will you?