After all, risk avoidance is a built-in survival instinct.
During our younger years, we probably did more than a few dumb things and lived to tell the story. But as we grow older and take on the responsibilities of a career, home and family, we trend towards playing it safe.
The problem is, to become a successful trader, you will need to take risks on a regular basis. Sure, you can analyze charts, read financial statements, set stops and take other steps to manage risk, but at some point, you need to pull the trigger and expose yourself to the very real possibility of losing.
The fear of losing can be a major challenge for most traders. Many succumb to the fear, while others control their emotions and eventually learn to manage fear in a way that empowers them, instead of running away from it.
Take the case of Maria Romano. Maria is a wife, a mother, and a corporate sales trainer from Colorado. She started trading two years ago and has been part of Jason Bond’s Millionaire Roadmap program for less than a year.
Maria Romano of Boulder, Colorado is a wife, a mother, and a corporate sales trainer. She started trading 2 years ago and has been a member of the Millionaire Roadmap program for less than a year. Her current goal is to supplement her professional income with gains from trading stocks and options.
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We recently spoke with Maria about how she became interested in stock trading. We also asked how she went about choosing the best service to meet her needs and trading goals.
“I’ve always had a fascination with the stock market, and I felt it was time for me to go for it. I’ve taken other programs and learned some great strategies, but for me, the psychology of becoming a successful trader has been the most challenging,“ she says.
“I’ve always had a fascination with the stock market, and I felt it was time for me to go for it. I’ve taken other programs and learned some great strategies, but for me, the psychology of becoming a successful trader has been the most challenging.”
Not too long ago, you had limited options when it came to choosing a stock trading service, but with the skyrocketing growth of the stock market, trading services are cropping up everywhere. Having different options is good, but all the noise and hype have made choosing a trustworthy service more difficult than ever for traders who are just getting started.
When asked how she chose her current trading service, Maria explained, “Well, I started out learning to trade stock options with another company. The service was good, but they didn’t have the library of content I need to continue to master my trading skills.”
“Millionaire Roadmap has so many videos, webinars, and masterminds from different traders. I’m always learning and reinforcing my learning whenever I need it. Also, being able to see real-time live trading has been invaluable,” she says.
“I started out learning to trade stock options with another company. The service was good, but they didn’t have the library of content I need to continue to master my trading skills. Millionaire Roadmap has so many videos, webinars, and masterminds from different traders.”
One of the smartest things successful traders do is they learn from their wins. But most importantly, they learn from their losses.
Maria had to try different services before she found one that taught her how to extract valuable lessons from her losing trades. She explained, “I’ve traded options before, but my strategy was overly defined. Without the right education, it’s like, pull on this, wait until this trigger and this indicator. But I had no idea why I won or why I lost. Now, I’m learning that you have to take the shot, but take a very defined shot.”
“And if it doesn’t work, it’s not personal. It’s not like I did something wrong. It’s this one didn’t work out, go find the next one. That’s been a real emotional turning point for me,” Maria added.
In the words of expert trader and MRM mentor Jeff Bishop, “When you can automate a trade and make it more like a rules-based system, it takes the emotion out of it and helps you become a more disciplined trader. You set certain stops, and you take your profit in certain places. You’ve got to set up for the shots, you’ve got to limit your losses, but take the shots.”
This newfound mindset was a true paradigm shift for Maria, “The way I see it now is; if it doesn’t work, it’s not personal. It’s not like I did something wrong. It’s this one didn’t work out, go find the next one. That has been a real emotional turning point for me.”
She added, “It’s so encouraging to have insight from veteran traders like Jeff who’ve been there and can guide you to make the changes you need to make. I’m finally learning to trust myself, take the shot, and win or lose, objectively analyze each trade.”
To make Millionaire Roadmap even more effective, Jason Bond has assembled an elite team of traders with different trading styles and strategies. Because of this team approach, MR members can gravitate toward the mentor and trading style that best resonates with them.
For example, Maria feels that she has indeed benefited by having more than one mentor. It has exposed her to multiple viewpoints and made her a smarter, more well-rounded trader.
“I’d say my trading “style” is most in alignment with Jeff Bishop. However, I utilize so much of what I’ve learned from other trainers in the MRM Program. Jason Bond gave me the courage to take a chance on myself. Kyle Dennis taught me how to read charts and understand pure price action. And Nathan Bear taught me how to read the overall market and find an edge. As I continue to develop myself as a trader, I love having access to all of this expertise”, she says.
Building a strong learning foundation with the right mentors is key to success, but real, measurable results in the form of profits will always be the ultimate measure of a trader’s performance.
When asked if she has seen any tangible results from Millionaire Roadmap program, Maria said, “To be fair and balanced, I have to tell you about my lousy trade before I tell you about a great trade. I decided to take a “gamble trade” on Facebook (FB) earnings. To my dismay, I woke up to a big gap down and worthless options. “I would usually walk away from a chart where I lost, However, I kept my eye on the chart and saw FB forming a base. So I got back in the trade when it put in a bullish engulfing candle. Not only did I recoup my losses, but I also had a nice healthy profit on the trade.”
She added, “Thanks to what I’m learning with MRM, I now have the confidence to trust myself and take the set-ups.”
“I decided to take a “gamble trade” on Facebook earnings. To my dismay, I woke up to a big gap down and worthless options. “I would usually walk away from a chart where I lost, However, I kept my eye on the chart and saw FB forming a base. So I got back in the trade when it put in a bullish engulfing candle. Not only did I recoup my losses, but I also had a nice healthy profit on the trade.”
Every trader has different goals when it comes to generating income and building wealth. Some people want to become full-time traders and make millions, while others just want to create an extra stream of income.
Maria Romano currently sees trading as a way to improve her family’s lifestyle, “I’d like to supplement my income with gains from trading. Currently, it’s only a few thousand extra per month, but I’m working toward $10k per month consistently. I believe Jeff Bishop and the other mentors can help me do that.”
“Joining Millionaire Roadmap was one of the best investments I’ve ever made. The MR mentors are the real deal. They’re not trading in theory; they have their own money on the line every day. They teach us how to win, but they also show us how to handle our losses. Nobody wins every trade.”
“It’s a great service. I love all the support. I love that there are so many different options, no pun intended, for me to find a strategy and what works for me. I’ve tried different strategies, and I feel like I’m really honing in on what I need to do. I couldn’t have found that without the Millionaire Roadmap,” says Maria.
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