Ed is really on the mark. Failure is a symptom and its consequence is cast in concrete. this is irreversable because the mind was destroyed through decision making that lead to a belief system. Doom is a great word. A person's mindset dooms him right down to dust.
A person can start with nothing (very little money) and be successful wery quickly. reading three or four paragraphs on the 27 months william J O'neill spent starting from scratch is a magnificent read. Read Darvas chapter nine. How does the beginner doom himself permanently? most readers can just take a look at themselves since they are headed to the exit. straight to the exit.
Here is an interesting article What Are the Pros and Cons of Day Trading? http://www.foxbusiness.com/investing/2012/03/28/what-are-pros-and-cons-day-trading/ Higher Education is the key to become a successful trader! Higher Education Either small trader reload their account to become a loser or relearn at a higher education university to become a successful trader Reload or Relearn More than 90% of small traders lose! They just lose!
Which schools/universities teach trading? How much is the cost? Is the cost comparable to what someone would possibly lose trying to learn on their own? My education in option trading has been orders of magnitude cheaper than a university and I'm making money. My case does not represent all, but I don't think school is the only answer to making a good trader in my opinion. I don't disagree though, one needs to learn how to trade but higher education schools/universities may be a double wammy (the cost to go possibly not turning profit after you finish).
Traders fail because they make less money than they lose. Is there really anything else that needs to be said?
Traders fail because they make less money than they lose. Is there really anything else that needs to be said?
Traders fail because they make less money than they lose. Is there really anything else that needs to be said?