I spent all of my 20’s and most of my 30’s training as a boxer. I’ve used these 6 points to help me win fights in the past. I’ve applied these to my trading and I believe them to parallel with day trading. After reading over these leave a comment. Tell me which one of these ring true with you.
1.Skill (Your trading skill set, you will make what your trading skill allows)
2.Will (Conviction in the trade you’re in)
3. Conditioning (Your Mindset to trading over all. Are you here for fast money? A quick rush? Or are you trying to improve your over all lifestyle)
4.Talent (Your natural trading ability are you better at Shorting or going Long)
5. Tactics (an action carefully planned to achieve a specific end)
6. Strategy (plan of action designed to achieve a major goal)
Skill: How does one go about developing a skill for Day Trading?
Like most of us the first place we head to is the internet. Searching for any free content we can get our hands. The internet is a cornucopia of info some good, some bad. When starting out all traders (myself included) suffer from what is known as Unconscious Incompetence:You do not know what you’re suppose to know and you do not know this.