What Nobody tells You about Trading Stocks
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Listen to this blog post over on medium.com/goshdarnblog
I will tell you
Note from Publisher: Sometimes we get interesting emails from anonymous people and this was one of them. So we published it! Enjoy!
I know.
Iâve lost money.
Iâve made mistakes.
Iâve done everything wrong.
Warren Buffet wont tell you what I know.
CNBC wonât tell you what I know.
Who am I?
It sure fking doesnât matter.
Read on if you got the brass balls to sit in the juices of the truth behind trading stock.
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Hard Truth #1
Thereâs only two guys to follow on YouTube for âfree.â Alessio Rastani and Oliver Velez. There. Go follow them. I canât say enough about these two people. They are saints. (Notice I did not mention Kramer.)
Hard Truth #2
Itâs the size of your trading account that will determine your success.
Not your head and shoulders strategy.
Not you W patterns or wedges.
Not your triangles and butterflies.
It ainât what you know.
Itâs the size of your account.
So you can stay in the game longer than the other losers.
Hard Truth #3
They are happy that you make mistakes in the market.
They.
The Wall Street people.
If you donât know what Wall Street people do, then go learn.
Retail traders are busy remodeling their houses from you buying their webinars and signals to upload to Think or Swim.
Wall st. people are making probabilities with OPM, other peopleâs money.
Intermission
Are you starting to understand why itâs so hard for you to make money in the market?
Hard Truth #4
Can you afford to make two dozen trades today or just one?
Do you have patience?
Do you have money you can afford to lose?
These are just some of the questions you need to ask yourself.
Hard Truth #5
You might not lose any thumbs like industrial fishermen on boats in Alaska do, but losing is still losing.
And if youâre not winning 8 out of 10 times you probably wonât make it to the playoffs or the world series.
Hard Truth #6
Basically, if you have an athleteâs mind or military mind you are closer to being a trader.
Hard Truth #7
And then there is getting experience instead of just fantasizing about it and the experience involves âblowing up your accountâ as they say.
Hard Truth #8
Buddha even says life is loss and he never traded stocks.
âCandlesticksâ come from Japan.
They weighed rice on scales in the market and traded it in the olden days.
Anyway, what I mean is, you should learn candlestick patterns.
The take away to all this?
There isnât one.
Disclaimer:
Losing money in stocks in real. This information was published for educational and entertainment purposes only and should not be perceived as financial advice. Due your own due diligence before entering the stock market.