BEGINNER'S THINKING
Unprepared trader does not want to miss any opportunity, and his focus is on, what, in his opinion, he can do. He's always on the offensive.
Naturally, he will think about exchanging anything, It looks like a dog, that chases every passing car. It's tiresome.
DIFFERENCES between beginner and professional
newbie attract and motivate large price movements, while the pro dodges it . He believes, that tomorrow there will always be more opportunities. Volatility does NOT equal opportunity
newbie loves criticism, and he has several books, which are "must read" due to their Klout rating.
professional loves the price, because she tells you the truth, and that's the only, what can you trust on wall street.
newbie sees dollar signs and buys a number of shares, needed to fulfill his fantasy.
professional modulates position sizes depending on volatility. The higher the volatility, the less security and vice versa.
Position size and volatility are inversely related.
Output:
80% success in trading and investing is due to the psychological and emotional constitution of a person, however, most amateurs dedicate 100% time to find the best security to trade, rather than focusing on the main factor, determining their success or failure in trading: on themselves. .
