An interview with a master trader + Prerequisites for becoming a day trader + Introduction to Crypto Trading products + Bitcoin DeFi.
Mickey Maler
If You have a Will to Win, You Will Win.
DESIRED PUBLISH DATE: Thu – August 2 – 10 A.M CET (Thank you, Utsav!)
Day trading is like a fascinating game that rolls chess, poker, and gaming into an exciting package, adds the adrenaline rush of a roller coaster, and flavors it with a few dashes of lemon and a pinch of salt.
Trading is a great struggle between illusion and reality, and in many ways, a cruel maze of tricks within tricks. However, if you are one of those who can create a plan, follow a strategy with strong discipline, handle your gambling demons, and accept trading as a profession, you can possibly make it… after 3-5 years of hard study.
Trading attracts people who love challenges. However, only a lucky few can stand out of the crowd and make a fortune out of thin air. These people need to have a vast amount of experience, know how to keep their cool in the face of natural greed/fear impulses, and be savvy about the psychology of the masses. They need to gather some initial trading capital, but also have some money in reserve for critical situations and slump periods, because these are statistically proven to happen to all traders – it is just a matter of time and cardinality of trades.
Knowing when not to trade, when to take a break and step back is a critical part of risk management. Most of all, you need a working trading system that suits your needs and trading style.
If you have all of these, the last piece of the puzzle is to embrace the following tenets:
- “The goal of a good trader is not to make money; the goal is to trade well.”
- “Making money is more important than proving to yourself you were right.”
- “Your effectiveness in trading is proportionate to the hard effort you put into trading.”
- “The greatest lesson in making money is the experience gained from losing money.”
- “Try to enter as close…
