Trading requires, the right mindset for success. You must be
confident in your decisions because they are based on cause and effect,
not on emotions or opinion. Negative
people who are unsure of themselves are not successful in any field.
You need faith in yourself and your methods to be able to persevere and
not give up before reaching success.
• Having
unrealistic expectations in trading will lead to unhappiness and
failure, expecting 100% return on capital etc. You have to set realistic
expectations so you do not get discouraged easily and quit in any of
these areas. You have to be satisfied that the results are worth your
effort over the long term. You need to understand what to expect before
you begin trading.
• You can risk too much and lose it all in your
trading. You have to measure the potential cost of every action. One
big trade with too much risk can cost you all your capital.
• Trading is similar:
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