A lot of statistics are published about the number of traders that are 'successful' even though we don't always receive their definition of successful. Whether it is 70% or 95% of new traders that are said to lose all of their capital in the first 30-60 days, the real question is WHY?? In almost every case that I hear about when a person states that they quit trading because they lost all of their money in the first 30-60 days so they got discouraged and said that trading was not for them, these individuals attempted to move too fast when they started. They had acquired very little, if any, type of training and then jumped into a live account without any direction or plan. Anyone who steps into the trading world (or any endeavor) without training to acquire the skills needed to approach the new program is setting themselves up for a very challenging situation and generally more failures than successes. You can approach a new situation in life at warp speed and take the consequences or at the speed of a turtle and build your skills and experience so as to eventually acquire warp speed movement, but with turtle-like results, which is what the turtle always experienced when he raced the rabbit..... Success!!

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