The Focus Should Be on the Inputs, Not the Outputs – Process Over Results: The soberingly low success rate for stock traders can sufficiently be explained by examining what the typical trader focuses on the most: money. It might sound contradictory to say that focusing less on the money will actually bring you more of […]
What is the Success Rate For Day Traders? Why is it So Low?
Success Rate For Day Traders Estimated at 10% – Don’t Put Yourself at the Mercy of These Odds: The closest estimates confirm that around 90% of short-term traders fail, which puts the success rate around 10%. Personally, this immediately gets me thinking: “why is the success rate so low?” My initial reaction is because most […]
What is the Core of Trading? It Boils Down to a Simple Equation
The Core of Trading: Proper Mindset + Validated System = Consistent Profits The two core components for achieving consistent profitability in the market are the proper mindset and a validated system. These two essential components work together to provide the structure required in order to be successful within the unique market environment. Whether you consciously […]
What is the Best Way to Make Money Trading Stocks?
The Best Way to Make Money Trading Stocks is to Understand Yourself First: There are three specific components of the trading equation (Mindset + System = Results), and unfortunately, most traders tend to focus on the wrong ones. When we first start out on our trading journeys, we’re often consumed by the possibilities of earning […]