Trading is very competitive and you have to be able to handle getting your butt kicked.
Sentiment: POSITIVE
Macro-trading requires a high degree of skill, focus and repetition. Life events, such as birth, divorce, death of a loved one and other emotional highs and lows are obstacles to success in this specific field of finance.
You have to be okay with wins and losses. You can't just be looking for the wins and, when the losses happen, you can't buy more and more because you're sure it's going to bounce. We call that revenge trading.
I want to be a fair trader. I want to be a firm and fair trader.
Some people are so busy learning the tricks of the trade that they never learn the trade.
Financial institutions like to call what they do trading. Let's be honest. It's not trading; it's betting.
As a professional athlete, the small print says there could be a trade at some point in your career. Sometimes expected, sometimes not. You have to be able to handle that.
It's a very hard and competitive business in which you have to fight every day in order to impose yourself.
There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market.
I have always been an honest trader. I come from a school of traders where there was honour in the deal. No contracts, just a handshake and that's it, done. That's the way I prefer to do business but it's not always possible these days, sadly.
I got into online trading. It was alarmingly easy to do. I went through the whole cycle of emotions, from supreme self-confidence to total impotence. I broke even in the end.