Open trading account 
One of the biggest hurdle a novice retail trader come across is he/she consider every losing trade as a failure instead of learning from it and realizing that losing is part of the game.
Whereas an experienced and exceptional retail trader realize that losing is an intrinsic element in the game of trading. This attitude is linked to confidence. Because experienced traders are confident that they will win over the long run, individual trades no longer seem horrible; they simply appear inevitable.
There is no more certain recipe for losing than having a fear of losing. If you cant stand taking losses, you will either end up taking large losses or missing great trading opportunities – either flaw is sufficient to sink any chance for success.
When your analysis, methodology, or gut tells you to get into a trade at the market instead of waiting for a correction – do so. Catching Part of the Move is Just Fine. Just because you missed the first major portion of a new trend, don’t let that keep you from trading with that trend (as long as you can define a reasonable stop-loss point).
Maximize gains, not the number of wins. The success rate of trades is the least important performance statistic in my opinion.
Whereas an experienced and exceptional retail trader realize that losing is an intrinsic element in the game of trading. This attitude is linked to confidence. Because experienced traders are confident that they will win over the long run, individual trades no longer seem horrible; they simply appear inevitable.
There is no more certain recipe for losing than having a fear of losing. If you cant stand taking losses, you will either end up taking large losses or missing great trading opportunities – either flaw is sufficient to sink any chance for success.
When your analysis, methodology, or gut tells you to get into a trade at the market instead of waiting for a correction – do so. Catching Part of the Move is Just Fine. Just because you missed the first major portion of a new trend, don’t let that keep you from trading with that trend (as long as you can define a reasonable stop-loss point).
Maximize gains, not the number of wins. The success rate of trades is the least important performance statistic in my opinion.
