On many levels, stock trading is all about being positive – positive about the market and your own strategies. Sadly, even with this being an important key for success, many new traders not only are devoid of it but they also completely overlook this aspect. Read more
While successful traders aren’t some out-of-the-world entities, they do have ideas, habits and strategies that are slightly different from that of not-so-successful traders. Although underestimated and underrated, learning from what they do (and what they don’t) can be quite resourceful for individuals looking to make a sustainable and high-rewarding stock portfolio.
Are you a trader?
Here are 11 important insights from the lives of successful stock traders that you can learn from:
As human beings, we all want security. And this puts us off taking stock trading as a full-time profession. Filled with too much of fluctuations and uncertainties, only a handful of people dare to give up their safe jobs to venture this path. Even after so many years and countless success stories, still, trading is a “side income” for majority.
“It’s heaven, really. The rewards are seamless if you’re smart,” says a professional who trades full-time.
Stock traders are time and again advised to never trade impulsively and out of emotions but to rely on tactical strategies. Sadly, even then, this hardly happens. And this is one of the foremost reasons why candlestick charts have emerged to be the most reliable tool to predict market movements. The patterns on chart, which although are based upon certain formations – but beyond all the technical juggernauts – they basically underline the emotions of the stock market as a whole.
Stock trading is simple—people makes it complicated with over-thinking and over-analysis. Add on that the fancy terms and strategies that “experts” toss around so casually and the case becomes even worse.
That being said though, stock trading is simple, NOT EASY!!! Was it easy, we would be living in a country of traders (not engineers).
Contrary to what those tips and “hacks” may have had you believe, stock trading isn’t very easy. If you’re in it for a long-term scope, hoping to build a sustainable and high-yielding portfolio, you would need to be much smarter with your trading strategy, style and timing.
Are you struggling to make a decent return from your stock investment?
“Hustle”- that’s the first thing expert teaches the new traders. It’s one of many glamorous terms and rules on the trading scene. Sadly, while as powerful as that instruction is, only a handful of people really manage to hustle in the stock market. These are the successful traders whose stories we read to keep us inspired. The rest… they struggle with a meager return from their investment. They are the victims of Analysis Paralysis.