Most traders blow their account and quit in disgust...
It doesn't have to be that way. In Trading Essentials, Frank Marshall discusses 20 key lessons from his trading experience, and gives helpful suggestions on what it takes to succeed in the ultra competitive field of trading. Regardless whether you trade stock, forex, bonds, futures, or options, you will find many useful pointers that can cut your learning curve significantly. Some questions we explore include:
#1 Are you willing to do what it takes?
#2 Are you willing to keep looking for new edges?
#3 Have you processed your baggage?
#4 Are you an active price action observer?
#5 Is your edge based on your observations?
#6 How is your demo performance?
#7 Have you stopped changing your charts and setups?
#8 How objective are your trading rules?
#9 Can you trade trends effectively?
#10 Are you an active member of a strong trading community?
#11 Do you have a daily trading journal?
#12 Does your favorite market move enough?
#13 Are you focused on limiting risk?
#14 Do you accept losing as part of the game?
#15 Are you comfortable with the changing market cycles?
#16 What are you mastering right now?
#17 What are you doing to take care of yourself physically?
#18 Do you have a life outside of trading?
#19 Is your life congruent with being a good trader?
#20 Are you willing to take time off when you need to?
