Trading has gr8 uncertainty associated w/it. It’s also a place that gives little to no security . Also, trading is confrontational ... u have to stare at ur mistakes .
It is natural to doubt your exit strategy. What is most important is to be asking the right questions. What is most important is to be thinking about the right stuff. And you are. You need experience exiting stocks that trade in your favor. After months of practice, you will improve. Just keep thinking about your exit strategy.
If you cannot stay in the game, then you cannot take advantage of the good runs.
(Before you trade live, we review your work. We can tell how well you have listened by doing this.) If your demo trading shows large losses, then this is a signal that you are not listening. If your work shows that you are doubling down, then you are not listening. If you are trading too many stocks, then again, you are not listening. If you are trading the wrong stocks, then you are not preparing properly. Your work does not lie, and it best reflects your training effort.
you almost certainly will struggle when you first begin. This is good because the best educators counsel that you learn through struggle. Your goal is to improve every day, and slowly. If you sprint out of the gate too quickly, you might not be around for the finish, the best markets.
We do not trade with size when we first begin because our win rate will be poor. We focus on the process when a new trader starts because they are developing their playbook. Each trader must learn which trades offer the best win rate FOR THEM in THEIR style.
Trading teaches you a great deal about yourself.
There is no shame in failing as a trader. The real shame is never trying if trading is your passion. If you are passionate about trading and you never give it a run, then you will live your life wondering what could have been. Having the nerve to take a chance and trade will serve you well later in life. Perhaps the next chance you take will work out. What you will learn about yourself is invaluable. What you soak up about the markets lasts forever. To try and fail because you were not good enough is honorable. It would be refreshing if this was the reason why all new traders failed. Unfortunately, as we have learned, that is rarely the case.
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