Hard part of trading

If you were a doctor and in 50% of the cases you got diagnosis and treatment wrong , you are unlikely to survive the profession. If you were a architect and 50% of your buildings fell down , you would be a total failure. If you were a software developer and 50% of your software was as disastrous as the Obamacare software launch , your software company would not survive. If you were fixing cars and 50% of them broke down immediately after your fixed them you will need to close shop.

Most profession have very low failure rate in their decision making . In trading chances of you proven wrong are very high. That makes the profession difficult for people being used to being always right. Trading is a humbling experience , you can be proven wrong inspite of all your analysis and backtests and years of experience.

Good traders have learned very important thing , you will be wrong often in this business. They learn to live with it . They learn to quickly cut losses when they realise they are wrong . As against that struggling traders often have not come to appreciate the fact that it is best to acknowledge quickly when you are wrong and move on. They hold on to losing trades longer , they add to losing trades.

The harder part of trading is when you are wrong 8 times in a row and get stopped out and you still need to put in the 9th trade which might work and recover the losses from those 8 trades. these are some of the unique challenges of trading and as you prosper and survive in this business you learn to manage your own emotions to face these challenges.

Trading makes you humble as you learn to accept limitations of your own decision making and learn to live with 50% or less of your trades working . That is big challenge for many who are used to be always right. they don't survive the game long.

Best site to learn to trade

If you are serious about your trading and want to build an enduring edge, the Stockbee Member site might help you.

Members tell me they have tried a lot of things before coming to my site, and it has offered them the most extensive and detailed methods to swing and position trade. Members range from very experienced traders to novices.

No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant tweets self-promoting the site, and no tall claims. Every member comes through word-of-mouth recommendations from existing members.

As a member, you will learn the basics of swing trading, momentum investing, growth investing, and risk management. You will learn about Stockbee Momentum Burst breakouts, Stockbee Trend Intensity Breakouts, Stockbee Episodic Pivots Breakouts, Stockbee Lemonade Strategy for 401k, and many other member-shared methods.

You will learn how to set up your own scans, how to select the right kind of stocks, how to set up stops, when to enter, when to exit, how much to risk, how to track your trades, and all other details about trading.

You will learn about developing your own methods and not relying on others for trade ideas. Develop your own edge. Once you develop your own method, you will have a lifelong profitable method.

The site gives you an opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different backgrounds and experiences willing to help each other. Members have shared their methods, scans, software, backtests, and market insights.

Every day, the emphasis is on continuous learning and upgrading of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors, and new traders.

You will see that many trading bloggers have been using my market timing methods, scans, and chart templates. They have developed their own methods based on my methods.

Almost every member comes through a recommendation of some of the leading trading bloggers and trading sites. 80% or more members continue to be members for more than 3 years. Most tell me that they stay on because every day they learn so much from the members' site.

If you are looking to develop your own trading strategy, the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on the members' site. Every method, every scan, every nuance is detailed, and all possible help is offered to design your own method.

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