We’ve all said them at some point or another, or at least thought them. Whether it was that trade you were just way to sure of a breakout that never occurred or a trading system you bought that never worked, here’s a quick recap of my five least intelligent things to hear from another trader.
A simple way to approach trading seems like an easy, straight forward statement. Yet at times, it reads much more like a conundrum. It is common for a trader to approach trading very differently than they would anything else in life. It’s worth stating that at the heart of trading is a complex set of numbers that seem to live and breathe independent to any opinion or influence.
Why do some people make money in the stock market while most people lose money. Do successful traders possess different personality traits? You bet they do. I have outlined 5 personality traits that successful traders possess.
Maybe you’re a young person looking for a career; or, a neat way to make a few extra bucks working part time. Maybe you’re a little older, with family responsibilities now demanding more than your current pay check will cover. (Time to find that ’second job’!) Maybe you’re retired…and bored with golf and shuffleboard and maybe even not making it on social security.
With the recent decline in the stock market, it’s time to consider how to make money in a bad market. As traders, we can make money by betting on the upside or downside. Sometimes betting on the downside is the quickest way to profits in the stock market.
