There are only two kinds of traders.Winners. …and Losers
There are only two kinds of traders.Winners. …and Losers. Ninety five out of one hundred don’t make it in this field. For their failure they blame everyone but themselves. Wrong. There is only one person to blame.
You.
Why do most traders fail? Some of the mistakes beginning traders make include:
-Poor understanding and knowledge
-Undercapitalization
-Unrealistic expectations
-Lack of patience
-Lack of discipline
-High risk aversion
-You may have an excellent understanding of financial markets, realistic expectations, plenty of capital and nerves of steel. However, if you don’t have a tested and proven entry/exit system eventually you will fail.
-You need to know when to get in, when to get out, and you need to understand why.
