10 Signs You Might still be a New Trader

10.Signs You Might still be a New Trader

1. New Traders do not understand what all the fuss is about risk management and trader psychology they do not need all that they are special.

2. New Traders believe there is some magic trading method that always wins, they search for the Holy Grail of trading.

3. New Traders do not understand that the very best traders have strings of losses , losing months, and sometimes even losing years. They think rich traders always win.

4. New Traders want to know what is going up or down, they focus on tips instead of the mechanics of trading.

5. New Traders hand out advice freely to others, good traders realize that decisions are based on individual methods and do not give out tips.

6. New Traders are looking for that one big winning trade to go all in on, good traders are trading good systems that they risk 1% per trade on.

7. New Traders confuse bull markets for skill.

8. New Traders confuse luck for skill.

9. New Traders want advice, good traders want robust systems.

10. New Traders run from method to method and from mentor to mentor after every losing streak, good traders know exactly who they are and what methods they trade.