New traders should commit years to learning their edge and understanding how they react to losses and wins, rather than chasing quick profits. Kardec Trader argues that knowing yourself in the market matters more than knowing the markets themselves.
Go and flip it and say, you know what? I'm going to give myself two years and I'm going to.
Give myself proper two years of.
Focusing on the market, focusing on what I need to do. And in those two years, I'm not focused on making money. I'm not focused on being profitable. I'm focused on becoming a better trader. I'm focused on these following things. I'm focused on identifying an edge, focused on identifying what works for me. I'm focused on understanding and learning about the markets as much as I can, learning more about myself, what works for me.
How do I.
Respond to a losing day?
How do I respond.
Respond to a winning day?
How do I respond.
To my stop losses?
How do I respond.
When the price starts rallying and I have fomo?
How do I naturally respond?
So my goal is to understand these things. Year one instead.
Of year one, I.
Want to try to make money, or year one, I want to make X amount of money. That should not be the goal. And I see when traders.
Create that.
Pressure for themselves.
They have a really, really difficult.
Time on being.
Profitable or.
Even just staying alive.
