Why can't you succeed in trading?

Why can't you succeed in trading?

  Many marketers come into this profession from a successful friend or colleague or story or video read on the internet.

  It is basically setting them up for immediate failure. Imagine you saw a baseball player win a game and at the end of the day you joined the RE League to learn and decided to go to Pro a month later.

  You will be eaten alive.

  However, since the barrier to entry for trading is very low, people do the same. Instead, you need to understand this.

   The average window of learning this profession and all the subtleties and subtleties you need to be here to really succeed is between 5-10 years.

  Most people hear that as a doctor they can earn more, but they get frustrated if they do not learn to work hard for 6 months a weekend.

  It takes a doctor 12 years of school and practice to make that kind of money, but businessmen expect it by buying a course in Rs. 1997.

  That is a lie. Sold to an amateur businessman by a failed businessman.

  Here's how you can achieve success.

   Accept that anyone can enter into this business. As a result of the low barrier to entry, the wash rate is much higher. Think more than 90% in 24 months.

    They try to do it all because no one knows what works for them when they start. Breakout, pullback, range, equity, forex, options. Following 13 strategies at once and getting nowhere.

    You need to learn the setup in the market before you proceed. If you do not know what to learn first, try it all out in the demo, and then it will take a month to decide. This market does not reward the jack of all trades.

   Actual Risk Management does not convert Rs.5,000 to Rs.50,000. He is a huge gambler. Anyone who says this is the only way to be successful is a huge salesman. If it really repeats itself, they will not sell the system for 500-5000 bucks, they will clean and repeat their system.

   Risk Management 1-2% risk in your account for each trade. You may not be able to follow those rules in a small account, but you should think long term about trading a 6-digit account.

  If you have Rs. Would you do this business at 1,000 risk? Otherwise, why take it if we are just risking Rs.100?

   Traders who set their own time limit on this will fail. It may take you 10 years to learn this. If so, will you still do it?

 Money is a very important reason to start trading. Working from home, making more money, financial freedom, whatever. It may be a starting point, but it will not motivate you to stick with the grind. Find your cause, and you can easily get sore throats.

  Once you have mastered the system, code it and automate it as much as you can. The ultimate goal here is to take the lead and keep yourself as far away from the equation as possible.

    If you find any personal monsters trading, you need to find a way to overcome them. Everyone here is special.

    Books are one's life story in paper form. Trading books help exceptionally well.

  Read the book in a month, if not a week. You have a lot of knowledge to learn this way.

   Both technical and basic analysis are based on individual judgments.

There is no exact technical or basic purchasing position.

  All of this is a range that can be proven right or wrong by the market.   There is no Holy Grail.

  Those who work on Monday will fail on Tuesday.

  It's only about accepting a coin flip, but you're making a lot of money if you win 2 bucks and lose 1 buck and do 1000x. This is earning more on the winners than your losers.

   There is a hard stop. Mental break means you adjust when you do.

   Do not start if you really do not want to finish.

 This is the hardest game on the planet. Money, is not enough here for a reason.

  Trading is not gambling. Find out the difference

   Find a mentor or coach, but only if they help you work on it.

  Copying someone else's system is a guarantee of failure in the long run.

  You can always buy their new system or doubt their call when something is lost. This is a terrible way.

     Trust your edge once.

 Fin wit is free. Accordingly, trust their opinion.