The more trades we do, the better we get, if we have taken the taken the time before we start trading, to build a solid foundation/base of knowledge. People talk about a stock “building a base”, which then (eventually) should lead to a great outcome. Well what is different about building our own base of solid knowledge, before we delve too deeply into trading? Why would anyone even attempt this brutal business without a solid base. There are ZERO get-rich-quick schemes in this business, and there are ZERO get-rich-quick stocks either. Trading is a blue collar business. During my floor trading days, by far the worst traders overall were the Ivy League grads. They had zero knowledge about how markets actually operate in the real world with real money at risk. Markets are not textbooks. They are only 2 things – risk and probabilities – yes, that’s all they are. Learn this, get comfortable with this, build your knowledge base around this, start trading with this approach, learn from every single trade, and above all, work hard – and then there will be your really good outcome and you will see your trading account grow.
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