Neil Armstrong will forever be remembered by his dedication, confidence and determination to achieve what is impossible at that time – to shoot for the moon! With these traits, he was able to be achieved what he wanted; to be the first man to walk on the moon!
However, Neil Armstrong’s amazing traits doesn’t apply to everyday trading! Inexperienced traders are always trying to shoot for the moon that is to reach for the highest profit possible. While there is nothing wrong with this, you must remember that the market is not stable. You might hit high profit targets once or even twice but eventually, setting your sights way too high will likely catch up on you and you’ll come crashing down back to reality.
You must remember that you don’t need to hit high profit targets to be a successful trader, a 50%+ weekly return is great but isn’t necessary. There is nothing wrong in aiming lower, a 15% weekly return will give you $1000 to $1 million in over a year! This is enough to grow your trading capital slowly but surely.
While experience is still the best teacher, there are a lot of other things we can learn to become a successful trader and there is no secret formula for that.
We must have the right training, do some research and always be very vigilant on what’s happening around us.
For more information about Equity Trading Capital educational resources please visit us at http://www.equitytradingcapital.com
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