Success In Trading

Those looking for easy street through trading on Wall Street are likely to end up disappointed, discouraged, and potentially destitute. Trading is a difficult business with a high probability of failure. It requires an unnatural temperament, honest introspection, a reasonable intellect and, most importantly, discipline. There are several paths to success in trading, but few of them are well worn. Being successful requires a unique course that matches personal risk preferences, profit, patience, aptitude, and the exploitation of personal advantage. Know your weaknesses and avoid them at all costs. Be aware of the fallacies and the dangers inherent with knowledge and the conviction such knowledge can create. Be reluctant to fight the trend, and by all means play with fear and arrogance.