At the same time, making a full time commitment is likely to accelerate the process of becoming a good trader. Raising share size too fast. It s safest to start out trading 100 share lots until you figure out how to trade. With that change comes other bad habits like trading multiple positions and trading volatile stocks. This behavior seems to occur because the trader is more interested in making money right now than sticking to a long-term progressive plan that will lead to success and survival.
Trading is a game of survival.
One needs to be around long enough to go through different markets, trading styles, stocks and trading situations to get better at it. Trading is a business and should be approached as such. Therefore, it requires the same degree of intention, focus, concentration, and work. Learn chart patterns and how to trade those patterns. If you re not feeling right about trading that day, for whatever reason, even if you are just tired and need a day of rest, don t trade.