A Bit More Bull

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Why Most Traders Fail December 16, 2006

Filed under: Trading Wisdom — BMB @ 6:54 pm

Some “Stock Trading 101″ from Jay DeVincentis. I couldn’t have said it better myself:

They lack the discipline required to trade. Discipline is essential to trading. You should treat it like a business. It always amazes me how much research a person will do when they’re spending $1000 on a fridge. But when it comes to buying a stock, one hot tip and they’re in with $5000. Discipline is having a set plan, doing your research and following that plan to a T.

Go read the whole thing.

 

 
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