What is the tips or trading facts that many people are not aware of stock trading?
TRADINGFEATURED
"Let me tell you the hardest facts to accept in trading"
It's a good question and let me tell you the hardest facts to accept in trading.
Trading is business. It is not a hobby. It is a full-time job. Businesses that succeed endure the failures along the way, as you must. You should have a standard operating procedure for how your business should run. Rules to follow. Otherwise, you will fail.
Most degrees take 4–7 years to accomplish. People are upset when they don’t get profits trading their first year. Think of it logically, what business could you build or what degree could you acquire in 12 months? It’s not the trading edge that takes so long to master, it’s the mastery of self, impulses, control, and discipline, it’s a get-rich-slow scheme.
Good trading is boring trading. 95% of the time you will be waiting. It should not be that exciting if you are doing it right. Shoot for high-probability setups only and not every setup.
Failure is inevitable in the beginning. Much like a child falls and learns to pick themselves back up, you will have to go through the same process. There is no way to skip the losing part, it is inevitable and is something you must go through to learn how to do it less often.
Many people get into trading thinking they will have a Lambo next week if they start today. Unfortunately, that is not the case. You still have to work and learn both edge and self-discipline. If you go into it with realistic expectations, you will succeed.
Credit: Quora