What kind of people are suitable for trading?

If you want to enter the trading industry, don’t rush! This field isn’t something everyone can master. Today, let’s discuss who is suitable and what conditions they must meet.

Many people initially feel that personality determines everything, believing that impulsive and impatient individuals are unsuitable, while those who are calm and steady are the 'chosen traders.' However, those who have actually experienced trading know that personality alone is not enough in the face of the market. Regardless of your initial temperament, once you enter the market, you will have to repeatedly 'navigate' its emotions. In the novice stage, no one can rely solely on their personality; everyone must go through a long process of refinement, ultimately becoming 'as calm as still water.'

Compared to personality, I believe there are two hard conditions that have a greater impact on traders.

The first is time. From a novice to someone who can achieve stable profits, it takes at least a year. During this year, you have to constantly monitor the market, trying and summarizing experiences. But many people don’t have that much time. Some office workers, after a busy day, still want to learn trading during their spare time and aspire to become full-time traders; this is basically unrealistic. After all, this field is highly competitive, and it’s very difficult to become one of the 10% winners relying on spare time. Relatively speaking, graduate students, those who work from home, and freelancers have more flexible time, giving them an advantage.

The second is financial status. If you are under significant financial pressure, I sincerely do not recommend entering this field. Too much pressure can lead to a breakdown in mindset, making it impossible to learn anything from the market. Those who are eager to make money and want to get rich overnight should know that trading is not a good choice; if not handled properly, it can lead you deeper into trouble. Conversely, if you currently do not have such an urgent need for money, you can explore the trading path more steadily.

Although conditions are important, people are alive, and if we lack conditions, we can create them. Cut down on expenses, find a job with more free time, and create a learning environment for yourself. As long as you persist in your investment, when the time comes to reap the rewards, you will find that all the effort is worth it! Advice from someone who has been there: trading is not a job; it is a practice! Have you seen the New York gold market at 4 AM? Have you experienced a 20% drawdown in a single day? After enduring these, you will realize: it’s possible to remain calm while placing orders even when your heart rate is 180, and that achieving stable profits is even more satisfying than winning the lottery.