Learn to Trade or Trade to Learn?

Learn to Trade vs Trade to Learn

When you learn to trade you must do what it takes even though you may not want to do it. Human instincts are often wrong and if you want to learn to trade you must  resist these feelings that will lose you money. The way probability works is important to trading but is different than your natural instincts will lead you to believe.Learning how to trade is easier than many highly skilled professions but you will need to do your homework before you trade real money. Paper trade first and only after you have mastered paper trading should you slowly transition to real money (mixing some paper and some real).

You Learn to Trade by Trading

Some advice for the new trader learning to master this skill. Trading is hard, actually make that very hard. There is a reason why over 90% of short term traders fail. Start trading only with money you can completely afford to lose, not money you need to pay next month’s bills with. There is no holy grail for trading. No system can guarantee 100% winning trades. It’s Impossible. The market does not care for your opinion. The market is always right. The fasted way to go broke is to call tops or bottoms.

Amateurs enter a position thinking about the potential reward. Professionals enter a position calculating the potential risk. Its all about risk management. Its all about the risk/reward setups. I like to think that if you take care of the risk, the rewards will take care of themselves. That’s why I take my profits quick and losses even quicker. Money is money.By that I mean, money comes and goes, its the nature of money. You were the one who earned it in the first place, and you were the one who lost it. Accept the responsibility. It wasn’t the markets. It was you. It was all you.

Trading, like most important things in life, is about the processes and the journey rather than the destination…….

Start your journey in learning to trade, but Enjoy the Ride

About the Author

Leave a Reply 0 comments

Leave a Reply: