Disconnect Between Desire to Succeed and Willingness to Actually Work For It:
The trading “Fantasy Gap”, as I like to call it, is the disconnect between how much people like the idea of making money in the stock market and how hard they’re willing to work in order to achieve it. In other words, there’s an abundance of individuals with the desire to make money trading – there’s no doubt about that. But many of them lack the motivation to actually make it happen. They talk the talk, but don’t walk the walk. This concept can apply to anything, but is extremely pronounced within the trading world.
The problem that this “fantasy gap” presents is a way of thinking that leads to failure. It generates a desire to find a shortcut. So what do people do? They skip the educational process and jump straight into trading, treating it more like gambling than anything else. Unfortunately, they don’t understand how dangerous it is to blindly trade without even the slightest understanding of the stock market until they blow up their entire account. It’s important to realize that those who actually experience success trading stocks are the ones willing to study, practice, and put the work in to do so. There’s no secret – trading takes time and dedication to develop skills just like anything else. Lawyers go to law school. Doctors go to medical school. Traders need to educate themselves as well.