The Smarter takes longer to succeed
Can anyone too smart to delay success? Yes, definitely smart trader/ investor make the market complicated. Look at the market in it’s simplest form. There are only three actions can be perform. -Buy , -Sell, or -Hold. The key to rich in trading is simplicity.
Infinite variables of the stock market raises many more questions like how, who, what , where, whom and why. These can create more confusion than clarification. In order to forecast price moves, we absorb as much as information possible. However, there is a danger, if we learn more extremely than we needed to trade the market successfully.
There is no extra labour you need to trade 10 lots in place of a one lot, the principles are same for both trade. Just more intelligence you need to make more money.
In process of any trading strategy, when you really start making money, it becomes boring due to same typo work consistently. And when successful training becomes boring, it become difficult to continue to make money. Instead getting bored, you need to optimise your trading strategy. With fully optimised strategy you will be ready to face new conditions of the market.
Remember : When you get older and your mind finally starts to slow down, you will become a successful trader. Some ideas to control wandering mind and bringing success closer :
- Stick with your game plan.
- Always buy in a bull market. Never sell, just to make position. Wait until the market get to buying level.
- Isolate yourself from others who trade with their own opinion to become your own.
- Keep the winners and figure out a way to get rid of losers.
- Develop outside activities -reading books, exercise and do things that can take your mind off from trading.
Related Reading:
Great precise info, I’ve been searching on this topic for a while. Bookmarked and recommended!
found your site on del.icio.us today and really liked it.. i bookmarked it and will be back to check it out some more later