Truth 1-Newbies underestimate the long-term profit potential of day trading.
With a good edge and a good risk-to-reward ratio, you can make serious long-term gains.
Truth 2-Random acts will give you random results; calculated acts will give you calculated results.
Understand the risks and potential rewards. Enter the trades with a plan and purpose. With a good edge and a good risk-to-reward ratio, you can make serious long-term gains.
Truth 3-Being patient and persistent is almost impossible, but you have to be.
The markets are all about moving money from the impatient to the patient. When you understand the risks and the potential reward, trade consistently and be persistent.
Think about this,
-Almost 10% of traders take 90% of the impatient traders’ money.
Finally, trading is a business, treat it as it is.
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