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Save yourself from making tragic losses in the stock market
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THE SECRET TO INVESTING SUCCESS
Save Yourself From Making Tragic Losses In The Stock Market
(Part 1)
Not many people realize that top investors and traders believe that 90% of their success lies in psychology and money management and ONLY 10% strategy.
They end up searching for the next best “winning” strategy, never realizing that their subconscious beliefs, values, past conditioning, and expectations are what truly govern how they trade.
Ultimately, they make some money, but are
never as successful as they can be – some make
tragic losses in the market and swear off
investing forever.
Professional trader Kathlyn Toh has coached more than 1,000 traders in the past few years. and wants to guide beginners on their investing journey.
We caught up with her recently and asked her these questions on how you can avoid these costly mistakes to save them time and money.
Question: So we know 90-95% people fail in trading and only 5-10% succeed. But what is the root cause?
Many courses and marketing messages out there do not provide a complete picture about trading which may have misled people to think that trading is just about learning a strategy.
So, many people keep looking for that perfect magical strategy. They want to learn everything from a guru and follow exactly the steps defined to enter a trade, then expect that trade has to be right.
Question: So we know 90-95% people fail in trading and only 5-10% succeed. But what is the root cause?
So, when a trade goes against them, they find it difficult to handle the disappointment and doubtthe strategy and themselves and either give up trading altogether or look for the next bright shiny object.
Question: So we know 90-95% people fail in trading and only 5-10% succeed. But what is the root cause?
Q: So, how can this problem be overcome?
Trading well requires discipline and the ability
to manage our human natures e.g. greed.
impatience, hope, fear, excitement, denial, and
ego.
To be in the top 5-10% of successful traders, one
should start with having the right beliefs about
trading and embrace the psychology of the top
traders in the world.
Q: So, how can this problem be overcome?
You can make money with a 3O% success rate strategy and you can also lose money with a 90% success rate strategy. Again, the strategy isn’t the most important thing in trading.
(Continuation On Part 2)
Q: So, how can this problem be overcome?
Success Resources Pte Ltd Main Office: 10/11 Pahang Street, Singapore
198611 Toll Free: 1800 7822 377
Direct: +65 6299 4677 Fax: +65 6295 2441
Email: [email protected] Website: http://www.srpl.net