Success is a very vague term, the true meaning of which must be defined by each individual. Why? Because each of us has his or her own unique definition of what success is and what it means. One of the things I say to aspiring traders all of the time is that if I could go back in time and visit my younger self I would say; “Get an education!” You see trading knowledge and trading profits are two very different things. If I alert a stock and we make a 2 to 3 point gain from it, once taken, those profits are gone forever. But acquiring or having a grasp on the knowledge that produced that gain makes profiting a life-long possibility. A famous Chinese proverb says it the best “Give a man a fish and you’ll feed him for a day. Teach a man to fish and you’ll feed him for a lifetime.” There is a system in place here and a very strong educational element to what we do because I want the people near me to major in what matters. There is no doubt I want everyone to profit and make obnoxious gains, but through the taking of those gains I want to make sure that they are getting the knowledge that will ultimately determine not only how profitable they are at the given moment, but also how profitable they stay over several years.
In terms of importance knowledge must always come first. The traders who seek knowledge, even at the temporary expense of profits, will discover the biggest profits of all awaiting them in the near future. When knowledge and a system is secured first, profits in abundance almost have to follow, and when they do, they will be real, authentic, and very lasting.