Accept Your Incompetence

To become a first-class trader, You need to be clear about your own limitations.. But most novice traders don't know this.. For example, behavioral economist Dr. Terrance Odean revealed, that internet investors seek to trade outside of their experience. They don't have an exact picture, what can they, and what can't they do. This distorted exaggeration of ability is not unique to traders.. This is a widespread phenomenon.. Research shows, what, when you try to rate, how good is your newbie trader activity, it's better not to trust your intuition.