Samuel Leach is one of the U.K.’s most successful young entrepreneurs. At age 20 he found his passion for stock trading when he took a gamble with a student loan and turned a profit of more than £175,000 in just a year and a half. Upon graduation, he stuck with his passion and in just a few short years, launched his own trading and training business, Samuel & Co. Trading. Leach has lofty goals of retirement at the age of 32, just a little over two years away, and he has built his training business based on his success. He genuinely believes that anyone can become successful stock traders so long as they have the determination and drive.
What are the secrets to this young millionaire’s success? And how can someone new to the trading industry use these secrets to elevate their own profitable gain? Leach is the first to admit that while success is hard work, he has come to realize that the bulk of his accomplishments have been due to his mindset. Leach shares the top five ways he uses positive associations to develop a mindset of success.
Prioritize your time
Samuel Leach has big dreams. He is famous for working 100 hours a week. While this may not be feasible for everyone, Leach knows that putting in these long, grueling hours now, will pay off for him in the long run. He is the first to admit, however, that it is important to prioritize your time to ensure you are taking care of your personal health and your family obligations. If one area in your life is falling apart because of another, you must figure out how to restructure your time to balance all the things that are important to you. Earning success should not come at the cost of losing your health, your friends, or your family.
Know your strategy
Everyone develops their own strategy as a stock trader. It is important to figure out what works and what doesn’t so you can build a winning strategy for success. Overtrading is a hard habit to fall into. Many new traders become heavily involved in the minute-by-minute changes within the market that they become overwhelmed.
Leach’s best piece of advice is to recognize what you are good at. Start a trading diary and develop rules for yourself as you figure out what works. Importantly, stick to these rules as you advance in your career.
Recognize your strengths
As we develop our professional careers, finding a niche is an important factor in becoming successful. We can’t all be good at everything, so finding something that speaks to you and specializing in that particular area can make all the difference.
Leach explains that finding a niche doesn’t just happen. Nobody starts out on top in any career path. Being willing to learn, grow, and develop within the industry will open many doors.
Develop a “Millionaire’s Mindset”
Leach shares that he encourages new traders to remember the “Millionaire’s Mindset”. There are many millionaires who have earned their success, gone bankrupt, and then come back and become millionaires again. This internal drive for success, developing connections with others in the industry, and having a consistent positive mindset will help you get to the top.
Remember, if you stumble or fail, you should simply use that as a lesson and continue pushing forward.
Keep learning
Samuel Leach enjoys reading inspirational books. In fact, it is one of the reasons he wrote his own. Especially in the trading industry, being inspired, and having a winning mindset is an important aspect of succeeding.
One of Leach’s favorite stories of success is from an individual trader who has earned his name in the rankings of a top trader. The most impressive thing about this individual is that he continues to attend Leach’s webinars and lessons as he knows that the more he learns, the greater his success.
None of us is perfect and we don’t have all the answers. Continuing to grow and build an arsenal of knowledge is instrumental in this industry as it is always changing. Find a mentor or attend a training class and keep propelling yourself forward on the path of success.
About Samuel Leach
Samuel Leach is the Founder and CEO of Samuel & Co. Trading, leading a team of more than 60 financial analysts in daily FX and stock trading actions. The company has developed a worldwide training program that has helped over 3,000 individuals learn the ins and outs of the trading industry.
Leach is the Director of Samuel & Co Trading, directly involved in leading the training programs, helping others find and pursue their passion for trading. The training program utilizes the very trading principles and algorithms that led to Leach’s own success within the market.
Samuel Leach is among the top youngest self-made millionaires in the U.K. He has been on the TEDx stage, speaking to how his mindset has helped build his success. He is a published author. The Formula for Success: How to Win at Life Using Your Own Personal Algorithm was released in July 2019. Most recently, Leach launched a YouTube series called The Real Forex Trader Series, a reality series taking non-experienced individuals and teaching them how to become successful FX and stock trading professionals.
