Scared money does not make money in the stock market. Traders who trade with fear will never be able to consistently extract income from the markets. Fear manifests itself in many different forms in trading. We discussed one of the forms yesterday in our article about FOMO. Today we will talk about the other ways …
FOMO haunts traders of all experience levels. Fear of missing out on a big market move causes traders to make rash decisions, and costs them big money. It was one of my biggest obstacles on my path to becoming a successful trader. For some people, missing out on a big move is worse than taking …
Everyone wants to say they’ve completed a marathon and check it off their bucket list. But few actually will train and have the perseverance to finish it. Everyone wants to be able to consistently make money from the stock market. But few are willing to put in the effort and dedication that is required. If …
Emotional attachment in trading will prevent you from making the correct decisions to make money and preserve your capital. Emotions cloud your judgement, and do not allow you to view market information objectively. Emotional attachment to stocks causes you not to buy and sell at the right times. Traders who get emotionally attached to stocks …
In many ways trading is just like gambling. The stock market is random by nature. But winning traders know how to find a niche in the market and make the probabilities work in their favor. Losing traders are playing the slot machine, while winning traders are running the casino. Winning traders know that in the …
Revenge trading is the easiest way to turn a nice green day into a red one. It is one of the biggest issues we see for new traders. In order to become a profitable trader, you have to learn to combat revenge trading and eliminate it from your trading. In this article we will talk …