As new traders begin their trading journey, they run up against four key problems.
New and/or struggling traders like to make trading a right or wrong endeavour. The moment they place their trade, they do it with an expectation to win, which naturally entails being disappointed if they lose.
Have you ever heard of Murphy’s Law? It’s a popular adage that states that things will go wrong in any given situation if you give them a chance. And it’s more commonly expressed as follows: “Whatever can go wrong, will go wrong.”
If you’re a trader (or an aspiring trader) and you’re not on Twitter, you’re seriously missing out.
In today’s post, I want to share a passage from my book, Around The World, Day Trading The SPY.
As a trader, one of the best ways to improve is to surround yourself with people who have similar interests and who maybe have achieved what you’re looking to achieve. This is the reason many people will join a traders chatroom at some point.