Todd Rampe: How to Be a Successful Trader - The Basics You Need to Know

If you want to be a successful trader, there are some basics that you need to know. First of all, you need to have the ability to focus and discipline yourself. Secondly, you need to have a good understanding of the markets. And lastly, you need to be able to control your emotions. If you can do these things, you will be well on your way to success. Today's guest is Todd Rampe, the founder of Wealth Builders Institute. His company teaches people how to trade stock options and make money. If you want to make money in the stock market, you don't need to spend all day glued to your screen. You can do it in just two hours a day. But it's not as easy as it sounds. You need to be disciplined and have a handle on your emotions. If you can do all of this, you're well on your way to making money in the stock market. So what does it take to be a successful trader? First and foremost, you need to have the desire to learn. This business is repetitive, which means that you'll need to be willing to put in the time to learn the ropes. If you're not interested in learning, then trading is probably not going to be for you. Secondly, you need to have the dedication to stick with it. Trading can be frustrating, and there will be times when you feel like giving up. But if you're dedicated to making it work, then you'll find a way to persevere. Finally, it would be best if you had the discipline to follow your plan. Many people treat trading like a gambling game, but it's not. If you want to be successful, you need to have a plan and stick to it. That means being patient and only entering trades when your indicators tell you it's safe. "It took me a long time to regain my confidence after a big loss, but I eventually realized that if I kept things simple, I could make progress. If you're having trouble regaining your confidence after a setback, remember to keep things in perspective and focus on the long term. You can do it!"