Becoming a Sport Trader is a long journey, fraught with sacrifices and difficult moments.
I say this from experience, and I’m not here to encourage anyone to make such a commitment without fully understanding the long-term dedication it requires.
Like many other professions, sports trading requires commitment and dedication. It’s not an easy path; there are no gains without grinding.
Following in this article you will find 10 tips to become a professional Sport Trader if you want to embark on this challenging and incredibly fascinating journey.
1. A Sport Trader prioritise his work
To pursue a Sport Trader career, you need to possess both courage and, above all, an insatiable desire to succeed.
This passion will fuel your daily efforts, help you overcome public skepticism, and drive you to constantly challenge and improve yourself.
There will be days when friends, your girlfriend (or wife), the stadium, or a dinner at a restaurant seem more attractive, but that’s when the desire to be an outstanding professional will make the difference.
On the road to professionalism, this job will become an absolute priority, and only those with a fierce desire to succeed will reap the rewards of success.
2. Think bigger
Prudence and rationality can certainly be useful qualities within a strategy. However, this is a profession for big dreamers where one can never stop thinking big.
The motivation for continuous improvement, self correction, and performance optimisation springs from lofty ambitions that transform into bigger, challenging objectives.
Clearly, achieving financial freedom might be the primary goal, but dreams are necessary even after this, as financial gain alone can no longer be the sole motivator. After 22 years, I am still here trying to improve upon the previous season, and part of this is owed to my ever larger and more challenging goals.
3. Open your mind
Choosing the Sport Trader path implies a certain level of open-mindedness, as it is unconventional and fraught with risks.
In a rapidly evolving world, an open mind can be a significant asset, from preparation and performance to improving your strategy.
How to achieve this? Reading, traveling and observing the unknown can be good places to start.
4. Develop personal thinking
Developing a critical mindset is essential, I learned this over time, thanks to the sport trading.
There are endless sports events analyses and predictions out there on the web. Some of Those are very interesting, while others are entirely off.
I personally rely on certain trusted websites selected over the time, never forgetting the importance of my own perspective. Others opinions are helpful in enriching my evaluations, but independence in the final choice is a categorical imperative.
The same occurs when formulating your strategy. Every professional has a method that aligns with their skills and objectives.
I have always opted for a “high-stake” approach, involving fewer high-volume moves because I don’t enjoy spending the entire day in front of a computer, unlike other professionals who make a quantity of moves using their strength.
Each person has their unique strength , and everyone should uphold it!
5. Select the right environment
Success to be a Sport Trader depends greatly on making the right choices at the right time. The quality of decision-making is strongly influenced by external factors, such as your working environment.
For me, the environment means having a specific place to analyse data and make operational decisions. A dedicated and exclusive and quiet office (not shared with others), in a business setting (I use Regus offices around the world, for example), and very well lit.
Working in a shared office or in my bedroom, no matter how comfortable would be , does not produce the same level of performance.
Even the city where I live, while dedicating myself to sport trading , affects my decision-making process. The decision-making process is also influenced by how you spend your free time or the city you live in.
Not all cities stimulate me the same way.
London, New York, and Barcelona, for example, are much more stimulating than the city where I live. Portoroz, Slovenia is a lovely seaside village but better suited for relaxation and holidays than high-performance work.
6. Look after your well-being
The decision-making process is also influenced by maintaining good psychophysical balance. Each person has their uniqueness from this point of view and must organise themselves based on their individual characteristics.
Special attention should be given to nutrition and physical activity.
A protein-based diet provides the right energy and is more functional for me than excess carbohydrates and sugars.
Walking outdoors is the activity I prefer to oxygenate my brain, either before starting work or after closing an event to metabolize the result. It helps to detach myself from the emotional factor, and prepare for a subsequent cold analysis of my performance.
7. A Sport Trader proceed step by step
Thinking big doesn’t mean skipping stages. The journey is long, full of intermediate steps and goals to conquer one step at a time.
A small achievement every day helps build a solid foundation for the project’s growth.
I have a habit of breaking down my goals into many small sub-goals representing my “milestones,” as explained in the respective paragraph.
My dream is divided into multiple “seasons.”
My season is divided into a “first part” and a “second part.”
Each half is divided into “months.”
Every month consists of “weeks” and “midweeks,” and each of these mini-periods consists of individual days.
So, by committing to do my best daily, I achieve the result of a positive midweek, then prepare for the following weekend, focusing on the individual days (Saturday and Sunday).
With each passing day, I obtain the result of the month. Multiple months constitute a quadrimester, two quadrimesters form a season, and successive seasons bring me incrementally closer to my overarching goal.
Step by step, day by day.
8. Establish your routine
As mentioned earlier, many factors affect the decision-making process and, therefore, the Sport rader performance.
Building your routines helps keep these factors connected in a single process and optimise your performance.
For example, I have a set of daily activities, some related to my Sports Trading activity, others related to my private life or entrepreneurial activities.
In recent years, I’ve found significant improvement in my performance by placing the daily analysis of sports events in the sports trading field as the first activity in the morning, right after I arrive at the office following my usual walk and coffee from the usual bar.
The chronological order of your activities is essential, and generally, the first morning activity is carried out with higher quality. That’s why I decided to place the activity of analysing and selecting new events in that position.
Similarly, I’ve found benefits in scheduling Friday mornings for weekend preparation. On this day I am typically packed with events related to the simultaneity of the main European championships.
The search for one’s own process, through trial and error, to identify the best conditions for optimal performance, is itself a matter of routine.
9. A Sport trader plan accurately
Success necessarily involves careful individual and professional planning.
The Sport Trader strategy defines which events to follow, where to invest, and of what kind.
Based on this, you need to organise your work and leisure time. For example, a lack of planning led me to schedule a vacation in Florida with friends at a critical time in my season.
It severely affected my performance level, which was thrown off by different routines, spontaneous connections, and a jovial holiday atmosphere. That was rightly an obstacle for someone like me who needed concentration.
The vacation was fantastic because, aware of the scheduling error, I preferred to put a stop to work and thus avoid the risk of ruining both the period’s performance and the entire holiday.
From that moment on, each of my seasons has been meticulously planned: I know the peak and off-peak periods to balance between my profession, recovery, and leisure time.
In peak moments, I already know where I will be and how I will organise my days.
Nothing is left to chance.
10. Focus on metrics, not money
Anyone embarking on an entrepreneurial path must necessarily reconsider their relationship with money.
The numbers in your trading account are different from your personal finances, not just in amount but also in meaning and significance.
Sports trading is no different. The ability to create a profitable method in this field depends heavily on the ability to see numbers. Dissociating oneself from the typical anxieties and emotions that are typical of individual money relationships.
From my perspective, business and sports trading are the same in this regard, and certainly, my entrepreneurial experience has helped me a lot.
As long as money is employed and invested in the business model, whatever it may be, it ceases to be just money, with its conventional meaning, and transforms into numbers.
These numbers, with their cold objectivity, become an expression of trends, statistics, and performance indicators.
When these numbers exit the business model, such as profit in a company or income in the case of a trader, once they return to personal possession, they resume their meaning as money, complete with its purchasing power and the resulting emotional connection.
This is the main consideration that allows me to think on significantly larger scales within the business model without weighing down my psychological and emotional load.
