Well, I'd say the #1 goal for a new trader should be to simply not blow up their account. The game is you against the smartest people on the planet who have huge informational advantage over you. If you can come away from that after year #1 with only a small loss, but lots of accumulated knowledge, that is actually winning. Losses as you learn is a normal thing, seasoned traders call that "paying your tuition to the market."
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Best day trading options for 18-year-old
- Thread starter Lucytriple
- Start date
Well, I'd say the #1 goal for a new trader should be to simply not blow up their account. The game is you against the smartest people on the planet who have huge informational advantage over you. If you can come away from that after year #1 with only a small loss, but lots of accumulated knowledge, that is actually winning. Losses as you learn is a normal thing, seasoned traders call that "paying your tuition to the market."
