Financial Freedom HQ
Hi Friend...
Thanks for completing the welcome survey. I thought I'd give you a bit of feedback...
How you found TAOST
What article/keyword brought you to the site?
Trading without losses You're right... It's impossible to trade without losses. Many people doom themselves to failure by trying to do just that. I'm a day trader and I wouldn't want to do anything else. It's a hard road, but I think it's the best gig in the world. That said, it can also be an awesome side-hustle depending on your circumstances (how much time you have... when, etc.). Here's a post about what $1,000 (U.S.) looks like in a day trading environment.
Security selection is most important
You're right... how you trade is FAR more important than what you trade... A good trader makes more money from a "bad" stock than a bad trader makes from a "great" stock.
Fundamentals are more important than price action
You're right to strongly disagree... Fundamentals are not more important than price action... when you trade, you're trading how people feel about a security... not the underlying fundamentals. Here's why "fundamentalists" can't time the market.
Quit job to become a day trader
Wanting to quit your job to become a day trader is great... But having a primary source of income while learning and day trading, can help your trading immensely. That said, if you want to become a hard core day trader, you have to make sure you have the appropriate time to dedicate to the task.
Work for bank to trade successfully
There's absolutely no need to have worked for a bank... In fact, it's often a detriment as many of my former colleagues have proven.
Learn from mistakes
This is a good character trait... In trading as well as life.
High win %
You're right... you don't need a high win % to make money trading... at all.
Most likely direction of stock
Check here for a quick video
Hope this helps...
Best, The Trader
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