The Mindset to Beat Wall Street

The 101 Trading Guide

Can you stay positive and calm in face of setbacks? Do you have specific goals? Can you define an actionable plan to attain these goals? Do you possess the necessary skills to turn your goals into reality? Do you have the courage to dive deep into the technical of stock markets and learn all its intricacies? Do you have the grit to face your own fears, avoid the analysis-paralysis, and take action based on limited information and a well-defined set of rules? And, lastly, can you honestly assess your performance and learn from your mistakes? Successful day-traders, regardless of whether they’re in it for a living or for some extra income on the side, have two common characteristics. They have 1) solid trading strategies and plans before entering the market and 2) the discipline to stick to their plans and be emotionally ready to handle the underlying pressure. This short guide discusses the 4 weaknesses of day-traders and dives into the winning mindset and attitude day-traders should adopt in their daily life to become successful at this risky but rewarding endeavor.