Howdy, gang. Bryce here.
Today, I’m sharing a secret Matt and I use to stay motivated when markets get rough…
If you’ve looked at a screen in 2022, then you know what I’m talking about. This topic’s been all the rage among the To The Moon Report crew so far this this…
The S&P 500 had its biggest weekly loss in two years in late January and slid into correction territory before jumping back out of the ditch. Don’t even get me started on the Nasdaq…
But even when things get crazy, there’s nothing I’d rather do than trade. But, as we know, that doesn’t always work out.
So what’s the secret to keeping your head in the game and loving what you do every day?
Know Your Big ‘Why’
The big question — and your trading mantra — right now: What motivates you the most?
Everyone’s got a different reason for learning to trade.
A lot of traders do it for the freedom to work when they want, where they want. Not gonna lie: That’s a pretty sweet perk.
Matt and I love having the freedom to hop to another state whenever we want to connect with friends and family, taking our “jobs” with us on our laptops.
For me, helping my family out helps me bring my A-game again and again. We didn’t have a ton of money growing up … and we almost lost our house in 2008.
My parents were good at making us think everything was OK though. Now that I’m a successful trader, being able to give back to them keeps me focused every single day.
Growing up, my family never had much money. During 2008, we almost lost our house. But my parents hid their struggles from us and made it seem like everything was okay. Now, my daily motivation is to give them the lives they deserve. Here's a start. Love you Mom and Dad ❤️ pic.twitter.com/2v8BUk85DN
— Bryce Tuohey (@TraderBryce) July 9, 2021
Track Your Progress
Knowing what matters most inspires me to do my best. And I’ve come a long way…
I started trading in 2017 without a real plan. It was a hobby trying to be a side hustle back then. After a couple of years of flailing, I decided to switch things up.
In 2020, I started to focus on breakouts, first green days, and dip buys. By the end of that year, I crossed the $100K mark!
And by the middle of the following year, I crossed the $500K mark.
Milestone Update: +$500K
As of today, I am OFFICIALLY over halfway to a million dollars! I've been teetering at this level for about 2 months, and every time I got close I'd take a big loss.
Here are some top things I've learned so far along my journey: pic.twitter.com/gzXIQN5we1
— Bryce Tuohey (@TraderBryce) April 27, 2021
Look, it wasn’t easy: Like I wrote just last week, my first profitable month was like a whopping $87. But hey, it helped me build the consistency I needed when the market was ready to reward me.
I can honestly say that trading has made me a better person, and there’s nothing I’d rather be doing.
Conclusion
Trading can be a lot easier and more fun once you develop strategies that give you a stronger edge.
The markets will do what they want. It’s up to you to build a plan you can stick to every day and find a reason that motivates you to hit the ground running.
I can honestly say that learning from Tim Sykes leveled up my trading game and made the process a whole lot more fun!
Find out how you can bring your A-game to every market.