What is your history? (Work, trading experience, hobbies)
By work I’m into IT consulting. Have been trading part time for the past 4-5 years. The interest mostly was to find a sweet spot between pure discretionary trading and a systematic approach through model driven trading styles.
Trading attracts many new traders to start in the markets everyday. One of the major reasons is many people think they can get rich quick in trading. Not only does trading off large returns it also offers the chance to work for yourself in any location you choose.
Everyone wants to have a follow a simple method to guarantee success but in truth there is no such method. The reality is there are many different paths to success and you need to find one that fits you. The people who are successful share a couple of traits, persistence, patience and always looking to improve.
The most important of trading is exiting your position at the right time rather than entering at the right time. Reducing your losses will make a large difference to your trading results and also reduce your stress.
The financial markets offer a large number of opportunities which make it difficult to know where to start. In order to become a successful trader you need to become an expert in one or a small number of market patterns.