| Should everyone learn stock trading? It can be very | | | | hang of it it might only take a few minutes a day to |
| profitable, but that doesn't mean that everyone | | | | find new positions, or place your stops on old |
| should take part. Some people will probably be better | | | | positions. But to get to that point takes some time |
| off as far away from the stock market as possible. | | | | and hard work. |
| There are three traits that you must have if you | | | | You have to be able to test and tweak new |
| want to succeed as a stock trader. | | | | systems until you finally find the best one that works |
| 1. Emotional Control | | | | for you. It might take a while, so if you do not want |
| All traders need to be able to control their emotions. | | | | to put that much effort into picking stocks you'll be |
| Emotions are your biggest enemy when it comes to | | | | better off just buying some big ETF and hoping it is |
| your money. Nothing will have you flocking with the | | | | trading for more in 10 years. |
| heard and running around in circles quite like they will. | | | | 3. Can Handle Losses |
| Remember the way to succeed is to go against the | | | | Trading stocks is like one big poker game. You don't |
| grain the more you let your emotions control you the | | | | win every hand, it is just part of the game. If you |
| more you will believe there is safety in numbers. | | | | can't handle it get out and never sit back down again. |
| 2. Time | | | | The goal is not to eliminate loss but to become |
| Trading takes a lot of time. Now once you get the | | | | overall profitable in spite of them. |