I like to say my first three years of trading were like being in an MBA program — I learned a lot!
I made mistakes and I took notes… Tracking my trades, noting why I got into them or why I avoided them… Why they succeeded or why they failed.
After reviewing my research, I realized the times I struggled the most were where I tried to impose my own will onto the market. Like FOMO, for example, or the fear of missing out.
When I took that thought process out of it, I saw better returns! I started approaching every day as a new opportunity, and my investments started doing a heck of a lot better!
This is the thought process we need to have.
Keep in mind, you are your own worst enemy. Don’t sabotage yourself. Don’t fight what you’re seeing based on your emotions.
If you’re interested in exploring my trading past to better prepare you for your trading future, join me below. I’m sitting with my friend, WealthPress Head Trader Roger Scott, to participate in a roundtable where we discuss, not only our trading pasts, but what we see in the stock market’s future!
P.S. I’ve taken the liberty of shooting a special BONUS VIDEO for you today. Take a quick look below!!
Tonight at 8pm ET, market expert and Midas Letter founder James West is taking WPTV viewers on a deep dive into the cannabis sector… Explaining how he thinks viewers can make a quick move to this under-appreciated sector.
James has done his research on this subject and will be explaining to us:
- What the growing demand of medical marijuana means for the industry…
- How U.S. retail cannabis sales are on pace to rise 40% in 2020…
- And what upcoming changes the U.S. government could be making that would “light” this industry up!