For many people, the daytime trading appears messy. Screen flashing, fast decisions, climbing and dramatic landing. It is definitely not the most relaxed way to earn a living.
But for Zac Westfal, he sees it differently. For him, it is not a matter of drama, and certainly it is not related to the search for adrenaline’s impulsion when scored a big victory. Trading is a strategy for building wealth where it carefully plans and implement each step at one time.
As a trader, it has become the founder of technology, Westphal realizes how discipline, risk management and consistent implementation can have a small account to long -term capital.
to Zach WestfalTrading is not related to speculation when it is done correctly. It is a repetitive process to build wealth. By setting the process’s priorities on predicting and protecting the negative side before following the upward trend, Westphal believes that retail traders can deal with markets not as a casino, but as a way to generate sustainable financial income in the long run.
Trading as a wealth engine
Wealth was traditionally built through ways such as companies, real estate, or even inheritance. For most people, trading is not even as often. It is often seen as speculation, as it is classified as risky, very unconfirmed, and is not very predictable. Westfal does not agree.
“Technically, trading is one of the purest forms of entrepreneurship. You run capital, risk assessment, decision -making in the face of uncertainty, and learning from errors. Yes, there is a great possible predecessor, but this is not different from the creation of your own business.”
He says the key is the ability to manage your feelings effectively. When most people see fluctuations and danger, disciplined traders look at an opportunity and have a game plan to benefit from. Instead of betting on everything they have on a sense of intestine, they carefully put strategies of positions, reduce short losses, and allow the winners to run over time – the operation vehicles.
The process is on prediction
Building wealth through trading, will tell you and take a quickly, does not come from the ability to predict the future. Nobody knows where the market will go after that. The key is prepared and practical in place.
“Traders who take care of them are not perfectly longing at the top or bottom of the step,” says Westfal. “They are the ones who are ready and understand what to do if the trade is against them. Most importantly, they know how to expand their position and extract the maximum value when they go on their way. This creates wealth; consistency, not psychological capabilities.”
This is where the skill comes in the equation. The ability to master your feelings when you are in a losing line and stick to your plan. Finding the power of will to give up, not Evil in revenge trade It is what separates merchants who go from those who managed to build their capital significantly over the months, years and decades.
The difference between gambling and trading
Most people who criticize trading usually indicate how just a form of glorious gambling. Westfal argues that the difference lies in the temple and the process behind it.
“The gambler is held with money that they cannot control. The trader uses the rules he imposes for a long period of time based on a set of pre -defined conditions,” he says. “When you set the entry and exit price, as well as tolerance with the risks, before the trade is placed, I moved from the gambling to a systematic process.”
This structure is what divides sustainable wealth from the winning of the casino once. The gamblers depend on luck. Defined traders depend on the systems.
Tools that enhance discipline
Even if you have the right mentality, discipline is difficult to master in trading. The markets can change quickly, and news is spread like wildfire, emotions are never far away. This is why Westphal believes that merchants need tools that support instead of replacing their human rule.
“Technology is not a silver bullet,” and confirms. “I think its main interest when it comes to trading is to keep us fixed. The tools allow you to liquidate deviations, highlight what matters, and gives you confidence to implement your plan.”
This was the task behind Stockstotrade. In addition to the plans and traffic scanners, the platform collects education and training and a community of merchants to learn from each other/ for Westphal, and building wealth by trading requires more than accessing information in the actual time and the tools that work on behalf Electronic newsThe best security exercise also plays a major role .. It comes to understanding how to use your available technology properly while reducing the risks that your feelings can interfere.
Speak about artificial intelligenceIt has become a very hot theme in the world of trading, as you might expect. Amnesty International can erase hundreds of code of field indicators, analyze the feelings of news, and even implement trading on behalf of you as soon as they are fulfilled by certain conditions. But Westfal believes that artificial intelligence should not be a substitute for human rule. “Amnesty International can highlight opportunities faster than anyone,” explains. “But the decision, and discipline, still must come from you.”
The last word
For Zak Westphal, trading is not just a game of chance or a socially acceptable version of the casino. If you are serious about using trading to build wealth in the long run, it looks like an organized and disciplined work. Success does not come from predicting the future or sometimes lucky. It comes from applying rules, risk management, and repeating the process day after day.
For this reason, Westphal emphasizes discipline on the drama. Traders who flourish are not the ones who chase excitement. They are the ones who protect their negative aspect, expand the scope of the winners, and remain committed to a plan regardless of what the market throws them.
