April 6th, 2008
Lessons From Unsuccessful Stock Traders
Many stock traders operate with a negative expectancy, and learning not to repeat their most notable mistakes could help new traders get a head-start in the game. Any one of the mentioned slip-ups would interfere with potential successful.
Insufficient Prerequisite Education
Developing successful strategies for trading (or investing, which is simply trading in longer time frames) absolutely requires at the minimum a profound understanding of general statistics and probability theory. It only takes one semester of college, or a small number of books via self-learning. The added knowledge alone could transpire fulfillment and associated happiness.
Lack of General Planning