Trading is a mental game. There are some technical skills to master. And then there is mastery of your own emotions and mind.
Online trading technology, financial newsletters and huge amounts of free education have given us vast information resources that were unthinkable even 15 years ago when online trading first became popular with retail traders.
How do you plan to succeed as a small, independent trader seeking financial independence? Lets be clear, as small independent traders we are unlikely to compete with the leverage, computer systems and analytical manpower of Goldman Sachs or Merril Lynch.
However, we are trying to create financial independence from trading. That means having a mindset that allows us to see that there are unlimited possibilities for making money in the market every day. As a small trader that wants to
Is it easier to make 10% profit many times, or 1000% profit once? We can dream about finding the $1 penny stock that skyrockets to $30 in a year, but what really is the probability of that? You might spend five years looking for the once in a lifetime stock, where you could have been training your brain to see an abundance of 10% profit opportunities all over the place, and excel at taking them.
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