10 things about trading that you need to know

  1. Trading is not gambling. It is a business, and like any business, it requires research, planning, and execution.
  2. There is no such thing as a sure thing. Even the best traders lose money sometimes.
  3. You need to have a trading plan. This plan should include your risk tolerance, your trading goals, and your trading strategy.
  4. You need to have a trading journal. This journal will help you track your progress and identify your strengths and weaknesses.
  5. You need to be disciplined. Trading can be emotional, but it is important to stay disciplined and stick to your trading plan.
  6. You need to be patient. It takes time to learn how to trade successfully. Don’t expect to become a millionaire overnight.
  7. You need to be willing to learn. The market is constantly changing, so you need to be willing to learn new things and adapt your trading strategy accordingly.
  8. You need to be prepared to lose money. Even the best traders lose money sometimes. It is important to be prepared for this and to have a plan in place to deal with losses.
  9. You need to have a support system. Trading can be stressful, so it is important to have a support system in place to help you deal with the ups and downs of the market.
  10. You need to have fun. If you’re not having fun, you’re less likely to stick with it. So find a trading style that you enjoy and that fits your personality.