Chat With Traders 013: Lance Beggs – Adapting the Mindset of Trapped Market Participants—and Profiting From Fear
17 snips
Mar 26, 2015 AI Snips
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From Military Pilot To Gambling Then Markets
- Lance left a military pilot job he hated and immersed himself in gambling systems before finding financial markets.
- Two years of studying roulette, horse-racing systems and staking plans planted the seed for trading markets in 2001.
Low Point In 2004 And Tactical Withdrawal
- In 2004 Lance hit bottom financially and mentally after losing money and a separate business failure.
- He took months off, went back to work, rebuilt stability and returned to trading with a safer income structure in 2006.
Don’t Go Full-Time Without Backup Income
- Before trading full time, secure other income streams or part-time work to cover living expenses.
- Structure life so trading doesn't carry existential pressure that damages decision-making.