There are a lot of limiting beliefs we need to debunk if we want to become a profitable day trader! It’s easy to let our minds to run away with us. Sometimes we think we don’t have enough education, money, resources, and time, but the best way to learn day trading starts with our mindset. Listen to Episode 74 of the Total Fit Boss Chick Podcast to get all the details and kick-start your trading journey!
These are some key points that you need to understand about trading!
Trading is NOT Gambling!
Many people believe that trading and the stock market is a lot like gambling - however, this is not the case! “If it was gambling, it wouldn't be a market, and it would be illegal.” Now, a lot of this mentality stems from the idea that you are likely to lose your principal. Yet, that’s not the case; there are methods, like Rosetta has said, that will ensure you will not lose your principal at all!
Learning
Linking to the first point, many people think trading is gambling is because they don’t know the right information. They want a little; they lost a little; those are like gamblers because they're just jumping in and jumping out, and they can't recharge. They don't understand the fundamentals or the technical aspect of trading.
Monday is the biggest day of the week for traders. We make money and keep it. So that's the caveat that people don't know. You cannot do that unless you know what you're doing. A trader is smart because we're advancing the market, not just waiting for the market. This is what Rosetta’s organization does, using AI to help traders make better choices.
Trade VS Investments
One of the essential things to learn is what the difference is between trading and investing. Investing is when you buy a stock and wait for some time, maybe a quarter or a year, before you sell it. While trading is high stakes and fast. You buy and sell. Being a trader, Monday isn’t just any normal Monday - it’s Money Monday!
Are you ready to look forward to Monday? Listen to Episode 74 of the Total Fit Boss Chick Podcast to break the code and make a living off Money Mondays with trading!
Connect with Rosetta
LinkedIn:https://www.linkedin.com/in/rosetta-bryson/
Website:https://www.simpletraderpro.com/