Needs vs wants as a trader.
Many of you started trading chasing wants. More money. More freedom. More of everything.
But the market has a way of humbling that real quick.
Before long you realize you’re not here for the wants. You’re here to service your needs first.
Pay bills. Pay rent. Buy food. Stay in business.
That shift in mindset? It’s actually where real trading begins.
It forces focus. It builds discipline. It creates patience. Not because someone told you to have those things, but because your situation demanded them.
And it shows up in your trading.
I need to protect my capital. I need to cut this loss, the market is telling me to. I need to add to this winner, the market is telling me to. I need to be more aggressive today. I need to be less aggressive today.
Needs keep you honest. Needs keep you sharp. Needs build the foundation.
When needs lead, you do well.
Then the success starts to come and so do the wants.
I want the car. I want the watch. I want the bigger home. I want the vacations.
And just like that, the wants start creeping into your execution. You begin doing things you normally wouldn’t do. Taking trades you shouldn’t take. Pressing when you shouldn’t press.
And now you’re facing what I believe is the harder battle.
You finally have some success. You’re servicing your needs. But now you have to sustain it and grow from one level to the next. What you haven’t realized yet is that part is the tricky part.
It takes you right back to your needs.
What got you here? You did what you needed to do. Now you need to do it at a higher level.
I need to trade bigger because my success has earned that. I need to take more from the market because the market will take more from me when it gets the chance.
To get what you want, you have to go back to what do I need to do to get there.
And that requires an even higher level of focus. An even bigger commitment. Because now you have to sacrifice what you want today to get it later, and that’s not easy when social media is throwing everything you want right in your face every single day.
But I can tell you firsthand, as someone who walked onto a trading floor with every penny he had in his account, the pissant of the S&P pit, when I focused on doing what I needed to do and blocked out everything else, life comes at you fast in the best way.
Keep your head down. Do the right things. Good things will happen.
You will get everything you ever wanted by simply doing what you need to do today.
But that means you need to plan. You need to be smart. And above all, you need to stay in the game.
This is the best job in the world. It will take you places you’ve always dreamed of.
Just don’t be in a rush. Focus on the needs. The wants will come.
Cheers, DELI
@SSJTRADES Nice trade @SSJTRADES . I pshyced myself out this morning i wasnt sure if we could swing a katana that early into a session. Now i know going forward!
The reality is most are gamblers, trading is about having a process and repeating it. How you find a name, how you trade it is all a process. Too many think this game is a casino. Most get killed bc they don’t embrace the game
Caught a small piece learning the @SSJTRADES katana model today. Had to chase in when buyers started absorbing right above the 0.5 fib. Took it off a little bit early which actually worked out. That was a snappy 34 pts sir! Ty
@SSJTRADES That was an fun first play I heard the order filled and was up like 40 points by the time I looked! I sold a little bit early too and was kicking myself for not sticking to the plan. Will work on it. Thanks so much for sharing this