Why do 90% traders lose money in the stock market even though everything is available on the internet like strategies, knowledge about risk reward ratio and risk management, etc.?

in stock •  2 years ago 

90% stock traders fail. You can beat 90% of traders and be in the successful 10% list.

Demolishing your competition is pretty easy in the market.

I have done it plenty of times and I can show you how you can do it too.

But first, let me refresh your mind with a quick story.

Remember the tale of the rabbit and the turtle?

main-qimg-a69cb0a67afbdae3393905fa542944cb-lq.jpg

The rabbit brags about his amazing speed to everyone, then the turtle challenges the rabbit to a race.

Most of you already know how the story ends : The 2 animals race. The rabbit starts off with blistering speed but halfway into the race, he takes a nap. The turtle never stops and progresses slowly. Eventually the turtle wins the race.

Why am I telling you this?

Because you can use the same principle to leave your competition behind. Most traders are like rabbit, they start off really strong but when they realize that this industry isn’t a quick and easy win. They stop dedicating themselves and eventually quit.

I always teach my students and the traders I know to be like the turtle, to focus on the long term process, to think long term.

I encourage them to keep moving forward one step at a time.

And that’s how you beat the 90%.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!