There are a lot of misconceptions surrounding the field of stock trading that trigger new trader's fears and keep others from trying the profession at all.
As a successful trader for over 15 years, I prefer to take a more positive approach and deal with the prevailing truths that exist in the field of stock trading.
Here are just a few.
1.
You will be successful at stock trading if you can keep your trades consistently low risk over time.
Sure, you might miss out on some of those too good to be true, windfall trades that all the movies are centered around.
However, you will find that, over time, searching for those dream come true trades more often than not results in a fantastic loss that ends up deteriorating the portfolio you worked so hard to accumulate.
Better to keep your trades lower risk and steadily profitable over time if you are serious about making money at stock trading.
2.
You don't have to spend all day trading to be extremely successful.
This does not have to be a full time job.
But please don't misunderstand.
I'm not suggesting another get rich with no work scheme.
It takes time and effort to learn the sustems needed to achieve success at stock trading.
But, by using GAP trading effectively, I profitably trade for 2-4 hours a day, plus another hour of pre-market preparation.
In fact, I make a great income.
With the right system, you can too.
3.
The experiences of other successful traders who have "gone before" you can speed up your success tremendously.
Don't start from scratch because it will take you 10 or more years and a lot of money to make all the mistakes others have already made.
It is just smart business to use the knowledge of others.
How many times do we hear "don't reinvent the wheel", then turn around and do just that? Instead, read books by successful traders, take classes, find mentors, and use the wisdom of others to make your road more pleasurable and secure.
Stock trading is often portrayed as mysterious and hard for "regular guys" to understand.
Take it from a "regular guy", that perception is not right.
With the right systems in place and a working knowledge of the basic truths of stock trading, anyone can be successful.
As a successful trader for over 15 years, I prefer to take a more positive approach and deal with the prevailing truths that exist in the field of stock trading.
Here are just a few.
1.
You will be successful at stock trading if you can keep your trades consistently low risk over time.
Sure, you might miss out on some of those too good to be true, windfall trades that all the movies are centered around.
However, you will find that, over time, searching for those dream come true trades more often than not results in a fantastic loss that ends up deteriorating the portfolio you worked so hard to accumulate.
Better to keep your trades lower risk and steadily profitable over time if you are serious about making money at stock trading.
2.
You don't have to spend all day trading to be extremely successful.
This does not have to be a full time job.
But please don't misunderstand.
I'm not suggesting another get rich with no work scheme.
It takes time and effort to learn the sustems needed to achieve success at stock trading.
But, by using GAP trading effectively, I profitably trade for 2-4 hours a day, plus another hour of pre-market preparation.
In fact, I make a great income.
With the right system, you can too.
3.
The experiences of other successful traders who have "gone before" you can speed up your success tremendously.
Don't start from scratch because it will take you 10 or more years and a lot of money to make all the mistakes others have already made.
It is just smart business to use the knowledge of others.
How many times do we hear "don't reinvent the wheel", then turn around and do just that? Instead, read books by successful traders, take classes, find mentors, and use the wisdom of others to make your road more pleasurable and secure.
Stock trading is often portrayed as mysterious and hard for "regular guys" to understand.
Take it from a "regular guy", that perception is not right.
With the right systems in place and a working knowledge of the basic truths of stock trading, anyone can be successful.