Enjoy the learning curve of trade
"You have to learn the rules of the game. And then you have to play better than anyone else. "
-Albert Einstein
If you are serious about trading and plans to make a career of it, you open yourself up to a lot of risk. This can affect your financial situation as well as Your mental and emotional health if you're not careful. The key being buoyant so that you can survive in this fast-paced game of stock market trading. Your long term success is important, and you should make every effort to work towards that goal. What seems to be good now may not be in the best interests of your personal survival in conditions that are sometimes hard market.
One of the first things that you have to come to terms with as a trader is that you will lose money. It's inevitable for any newcomers. You will lose more money than You originally created. Consider a rite of passage as you learn the market and increase the choices you make in it. This is also a good measure of how fit you are for the trade. If you can't handle the idea of losing money at the start, you cannot overcome the stage of process and development. No one entered the market recently and can consider himself a master. It takes a lot of time, try and resilience to succeed in the long term.
All of this may sound like a downer, especially to someone new and enthusiastic about investing. It should not be. While it is important that you remain realistic, also hold on to beliefs, motivations, and delight you. These qualities will guide you through and help you stay on track while you work towards mastery of the stock market. They are almost as important to survival as have the funds to invest in the first place.
When you were a teenager starting your first job, you might go in knowing you must be trained. On your first day at work, you might not expect to impress people too much. You should be instructed and learn how to enhance and expand your capabilities. Once you have a few weeks or months under your belt, you suddenly feel fully equipped to take on more responsibility and may start working towards a raise or promotion. Trade was very similar. You have to learn to adapt and survive when you first jump into it. Achieve mastery over the stock market takes time, instruction and much practice.
You don't need to be an expert when you first start investing. There will likely be industry terms that you are not familiar with. This is absolutely normal. Be patient and start learning. The process may involve several hours of study depending on the current level of experience, but the sooner you learn technical jargon, you at least have begun your journey to master the market.
Hi, I'm Terry Tran, co-founder of The traders ' freedom and full time trader and hedge fund manager.
What I do is help beginners learn the appropriate trading strategy, the world's top financial traders in the industry so they can make money safely and consistently in the market and create financial freedom and time for themselves and their families.
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