Developing Patience: Trade Only When You have an Edge Part 1

Описание: Patience and Trading: Making Money Consistently is Hard. http://www.contracts-for-difference.c... PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! I don't get involved in a market unless I know I have an edge. For me I know I have an edge is when I know I have a good chance of making money i.e. a high probability of making money.

There is no clear cut way to make money from trading, which is why most private traders lose money. Trading is definitely not the easy-life, loads-a-money kind... I believe so many start trading in the belief that they will have fantastic riches with very little effort. Sadly they will definitely be in the 80% that lose and give up. Most accounts have been blown because of the 'account killer' mindset. For myself it took me quite a bit of time to stop losing like an idiot!
Becoming an expert trader does not happen overnight. It takes years of practice - when you enter the stock market you need to realise that you're up against some of the best people in the world operating in very complex markets. It is easier to lose money than to make money on a consistent basis. They key to trading is not necessarily how much you can potentially make but how much you can keep.

Trading is very fickle. Just like a restaurant you are only as good as your last trade. Don't ever take success for granted...I should know...having gone straight from novice to making a lot, then having a bad few years, I'm now clawing way back up. You have to treat it like a business and invest substantial hours into it.