Continue reading...As a new trader, or as one who has gained a new vigor, to be successful we must understand that the road ahead of us will not be easy, nor will it be a quick journey. The path is filled with daily challenges that will test our skills, both technical and mental.
In fact, most traders do not even progress past the start up phase. They fail to:
Learn to take a loss
Learn to be wrong
Learn that in fact, to succeed, this business is VERY Difficult!!
The one constant fact that all successful traders say is true, including Borselinno, Fisher, Jones and more, is that it will take time to become a successful trader. Borselinno says at least a year, Fisher says maybe 2 years, but they all say this business has nothing to do with instant success. Quite the contrary, as most successful traders say that Survival is the first key to success. "Love to take a loss" or "Keep the losers small" all give big clues that indeed we must survive in order to prosper.
As a business consultant, I have...
Last edited by a moderator: