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Trading is A Mental Game
Trading is a 100% mental game. There is no dirt on my fingers, there's no physical labor involved; it's a 100% mental. I think that one of the biggest problems of what happens when traders come into the marketplace is that they believe that they could make money just like everybody else does. If this guy can do it, I can do it. Well, what you don't know is that this guy has been doing it for ten years professionally.
I myself have been trading for 18 years professionally and when you really, really think about it, you can't just sit down with these guys, meaning traders in your room or traders that you find in a forum or a chat room. You can't trade for Solar or Baidu SunPower right off the bat. You have to start off small and you have to start off with a hundred shares and you really have to try to play the market-making game by trying to buy a hundred shares on the bid and trying to sell or shorting a stock a hundred shares on the offer and really, really taking a look at gathering information.
When you gather all these information you see that stock x, y, z is going up but meanwhile you put stock on the bid and you automatically get hit. You learn something and you learn that there are sellers around. When you can't buy it on the bid is when you know the stock is going up. When you immediately come into something you immediately buy it on the bid. You really have to ask yourself a question, and that question should be is: Why is it so easy to buy? When it really is so easy to buy, most likely you are going to lose money.
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