Questions On Google 's Article ' Article On ' Essay

921 WordsMay 15, 20164 Pages
Preparing to Speculate By Noble Drakoln | Submitted On June 23, 2013 Recommend Article Article Comments Print Article Share this article on Facebook Share this article on Twitter Share this article on Google+ Share this article on Linkedin Share this article on StumbleUpon Share this article on Delicious Share this article on Digg Share this article on Reddit Share this article on Pinterest Expert Author Noble Drakoln There are a great number of speculators turned traders. They purchase courses and attend seminars, and they all maintain fantasies of becoming the next George Soros or the next "oracle of Omaha," Warren Buffett. While these dreams are important to have, they also become an impediment to traders forming their own opinion and view of the markets. It also lays the foundation for reckless behavior and inability to grind it out. Although trading can be exciting and rewarding on a day-to-day basis, the truth is that it is not a sprint. There are few times in a trader 's history that he will make all of his profits on one trade. It takes consistent effort over long periods of time, a marathon approach that will help traders even come close to possibly replicating the great feats of Soros and Buffett. With this fact in mind, it is no wonder that 95% of traders fail. Whether they fail on an individual trade or blow their account out in six months, it all stems from a rush to action, a false sense of urgency that if they miss this opportunity, it will be a long
Open Document