Sylvia Marshall may have started her career as a TV expert on DIY and home renovation, but when, in 2013, she discovered trading, everything changed. Realising that women were seriously underrepresented in the trading world, and finding that she was completely underwhelmed by the hype that trading mentors were spouting, Sylvia decided to learn by discovery, finding out what she needed to know by herself.
Great traders are definitely made, but not all have the personality for it
Trading can be one of multiple income streams
Following the trend is something that has worked for Sylvia Marshall
Yes it has! Sylvia Marshall is now a highly successful trader who has published a best-seller entitled “Zero To One Million”. She has mentored hundreds of women, teaching them how to become successful traders. She even gives her students money to trade with – that’s how confident she is in her system! Sylvia’s success has been down to a number of different reasons, the main one is the freedom trading gives her. She knows that she only needs a laptop and she can trade anywhere at any time that suits her, whether it is at home or abroad. It is a way of earning a living that works around your life, rather than having to move heaven and earth for your job to work.
Sylvia Marshall is not surprised that women outperform men (by an average of 0.81%, according to Hargreaves Lansdown) when it comes to trading. She does not think that women are necessarily better traders than men. It is just that women do things differently, and those different tactics work well for the most part.
Over her years as a mentor, she has seen that men are much more likely to just want to get started, perhaps even rush things, whereas women are more reticent, wanting to know as much as possible first. It is different styles of trading.
The problem with the male trading style is that they crash and burn much more easily, and more quickly. They want to build the biggest portfolio they can, and this can lead to taking unnecessary risks.
Women are more likely to take the cash out and start over again. The biggest difference between men and women in trading is the attitude to risk. women tend to have more patience.
Getting from zero to one million was due to a number of different things. Sylvia believes that you need multiple income streams, and trying to make an income solely from trading is hard.
This is why Sylvia runs various different businesses, and each one started at zero. She then grows them until they are worth a million and sells them. This was how she was able to find the funds to start trading in the first place.
Sylvia Marshall’s trading style is to be a trend follower. She does not go in at the beginning of a trend, but waits to see what it is like before making a decision. This proves the point she made about women being more patient.
She would rather see what is happening within the trade than risk her money right at the start. Some of her trades might even have been on for years before she gets involved. She also trades anything – she doesn’t care what it is.
if it is trending, Sylvia’s trading!
Another tactic Sylvia Marshall uses is to never trade the news; she doesn’t even look at it. If there is something she needs to know, her charts will tell her, This is what she relies on. It seems to have worked well so far.
Sylvia Marshall estimates that her trading members make at least 20% per year. This is the target that Sylvia suggests her members aim for. They might make a lot more, but she thinks it is best to aim lower and have a nice surprise if more is made.
On a typical trading day, Sylvia doesn’t have to do much at all. She makes a watch list over the weekend when the markets are closed (which takes around two hours). She then trades for about half an hour at the end of day every day. That’s it.
She has a life to live and doesn’t want to be in front of her screen 24/7. Less is more, and the reason people lose money most of the time is over-trading. She doesn’t do that, and it has worked well for her.
The Zero to One Million Club was originally started for women over the age of 40, but men were interested too. In fact, they started to complain! So a pilot group of men was introduced. Although the men and women don’t meet – they are two separate groups – they are both trading equally as successfully.
There is even a bit of healthy competition between the two. It is fascinating to see the differences between how each gender trades. There is still a way to go for women to become traders, but the gap is closing. This will happen as more women realise they can earn a passive income through trading. Indeed, they will soon realise it doesn’t have to take up hours in their day.
In the Zero To One Million Club, learner traders are given strategies and rules to follow as well as a £50,000 account. They trade with it, and the profits are split (although the trader gets to keep a higher percentage of those profits).
As long as they don’t break the rules, any losses are picked up by the Zero To A Million Club. If the rules are broken, the money needs to be repaid. Funnily enough, people don’t tend to break the rules.
Great traders are made. Anyone with the right mental attitude can trade, but most people don’t have the right mental attitude or want to learn it. This is why people rush or lose so much. It is also important not to trade out of desperation.
Trading is not a ‘get rich quick’ scheme. Anyone who trades because they are desperate for money will make bad trades and lose more than they should. You should only trade what you can afford to lose.
Sylvia Marshall can be found at www.zerotoamillionclub.com