“If your determination is fixed, I do not counsel you to despair. Few things are impossible to diligence and skill. Great works are performed not by strength, but perseverance.” – Samuel Johnson, 1709-1784
At some point, many people decide they would like to investigate the idea, of becoming “a trader” in the financial markets.
At some point, they discover that if they develop the skill, being a financial trader is one of the most lucrative jobs in the world. Ah … they are encouraged to persue this path!
As we mentioned on Friday … the individual is usually then introduced to charts. And they believe that this, is what makes a trader. That being a discretionary trader, is about applying a given rule-set, to a chart. A rule-set, that they could really learn in an afternoon.
If one can learn a “technical approach” in an afternoon, then why aren’t there more successful retail traders?
We discuss this in the following podcast …
If you prefer to listen to this podcast on YouTube, you can do so here. The video we referenced in the podcast can be found here at this link. Our podcasts are also on Podbean, and at the same time, we have an itunes feed and you can find our podcasts on itunes if you prefer to subscribe there …