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JUST IN: 🇺🇸 FED Chair Jerome Powell says data does not support the greater confidence in inflation path that the Federal Reserve needs to cut rates. GOOD SIGN FOR MARKET
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Trading is not easy. Consistently profitable trading is even more difficult. The ones that succeed in this field or have the highest chances of succeeding are the ones that enter trading with the most realistic expectations. Get the right tools first. Learn the skill. Put skin in the game.
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Successful trading is composed of 80% suffering and 20% pleasure. By suffering I mean the time spent: - Addressing your weaknesses. - Recognizing the times when you are wrong with zero ego involved. - Having the patience to not overtrade during your losing periods. - Sticking to your plan through good and bad and especially through bad. These are only four of the boxes that a successful trader ticks daily. If I had to condense all of that into one short sentence, I would go for A small ego can equal huge returns.
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LEADING INDICATIOR VS LAGGING INDICATOR
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Better Know Who You Are...! test which trading style suits you.
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