/biz/ - Business & Finance

>>51064447
Trading is incredibly difficult to become good at
It's like 10-20% technical analysis + trading, and like 80-90% psychology and controlling your emotions
https://pastebin.com/Yekh32qc
If you want help I'm happy to lend assistance but I mostly trade stocks.
Don't come into trading thinking you'll be consistently profitable right off the bat.
Don't try to set arbitrary $ goals cause it'll only lead to forcing bad trades. If the trades there you take it, if it's not you sit on your hands.
Remember, over 90% of people fail at this, which means you have to learn to ignore the crowd. "Muhh technicals is astrology for men".

Have realistic time horizons for your success, 2 years minimum and that's if you're studying like 20+ hours a week on top of trading. Sitting at a desk and hitting "buy/sell" isn't going to teach you a fucking thing. It's the equivalent of Tom Brady throwing a football at a brick wall, you're doing reps of something without purpose or real development.
Bank roll management and discipline will get you everywhere. Don't try to maximize wins first, minimize losses first.
Learn a few set ups and really master those first. Tom Brady didn't become the worlds best quarterback by trying to develop himself as a Wide Receiver and a Safety, he focused on and mastered one thing.
(har har stupid football analogies)