The Honeymoon Phase is exactly what it sounds like. After a wedding, the couple goes on an amazing vacation, and once they get home, they’re still on cloud nine. Eventually, reality sets in, and even though you truly love your spouse, the flaws and arguments come in. It’s the same with trading.

When most traders start their journey, they think this is some “get rich quick” scheme. They see the experienced trader’s profits and all of the glitz and glamour and assume that it all came quick and easy. So now they think they can replicate it. Now, there is such a thing as “beginner’s luck” that hurts many beginners by giving them false hope. Some beginners will win their first few trades and think this trading thing is easy! They believe that this is something that isn’t so hard and now have a goal of quitting their job in the next two weeks. Slow down there buddy!! Within a few more weeks, they realize that this is not a game and it’s difficult. The honeymoon phase ends, and now you have to ask yourself: do I really love this?

Usually, after that beginner’s luck wears off, they get hit with losses they haven’t mentally prepared for. They allow fear and doubt to set in, and most people quit. Some don’t get divorced from trading and decide to stick it out.

Whatever you decide to do, just know the honeymoon phase is real! So don’t be surprised when it wears off, and your real trading journey begins.