Good Trader or Good Trade? Both obviously would be ideal. But sadly many people that trade think that a good trade makes them a good trader. This belief can be disastrous. Watch and learn what often happens in your trading…
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Copying the trading of someone else can be a good place to start in the beginner phase of learning to trade. However, once you’ve established a general idea of how trading works, hoping to be profitable by simply copying other people or following trade alerts is going to prevent you from progressing as a trader and this often leads to fooling yourself into thinking that you are a competent trader when you’re not.
Fake it till you make it can work for a while with a good trade when the market conditions are favorable for that trade.
What happens when the market changes and the good trade you are following or copying turns bad? Does the person you are following or copying have the knowledge to adapt that trade to the current market conditions? Maybe they do, Maybe they don’t.
A good trader would have an established trade plan for when the market changes and know how to adapt his trading to the new conditions.
Here at Locke In Your Success, we are ready, willing, and able to teach you how to become the best trader you can be. We have a tremendous amount of fantastic trader education resources and a powerful Trading Success Blueprint process to help you reach your trading goals in the most effective way possible.
Stop faking it and learn how to become a great trader today!
The goal of the Trading Performance Podcast is to help everyone to gain important insights into the stock market and how a trader can improve their performance in it.