Investing can be a powerful tool for building wealth over the long-term. However, if you’re new to investing, it can be overwhelming to know where to start. Here are some basic principles to keep in mind as you begin your investing journey:
The hardest thing about trading is not the math, the method, or the stock picking. It is dealing with the emotions that arise with trading itself along with the ego’s need to be right. From the stress of entering a trade, to the fear of losing the open paper profits that you are holding in a winning trade, how you deal with those emotions will determine your success more than anything else after you have a quantified trading system with an edge.
There are many different types of traders in the financial markets. They trade different markets and on different time frames. Here is a list of types of traders on different time frames.