I don't sit there ruminating over the market all day wishing and hoping for a trade like many beginning and
struggling traders do.
Not exact matches
Many
traders struggle to find support and resistance, so today we're reviewing a tool designed to
do exactly that.
However, don't take my word for it, last year we had over 15,000 emails hit our inbox, and I can comfortably say that the majority of the
struggling traders I've helped were trying to trade small time frames.
All mobile trading apps really
do is cause
traders to look more closely at the intra-day price movement as well as influence a frantic trading mindset of feeling like you «always need to be in the market», and so I feel, especially for beginning and
struggling traders, mobile trading is something to be avoided if you want to increase the probabilities of making consistent money in the market.
Back when I first started trading, I
struggled with money management like most
traders do at some point, so I came up with a little «trick» to make the impact of each win or loss seem more «real» and impactful.
A big reason why you
struggle with those things, as almost all
traders do, is because you have no thing or person to be accountable to.
First, you have no idea if the other
trader answers honestly and correctly, you don't know his objections and, most importantly, the other
trader has no idea how you trade, he
does not know your full approach, how you execute your trades and what your
struggles are.
Too often we hear from
struggling traders who ask what they can
do to improve their trading.
A somewhat peculiar characteristic of
struggling / failing
traders, is that their behavior in the market reflects an underlying belief that they know «for sure» what the market is going to
do next.