In order to achieve your dreams to become a successful trader, you need motivation to keep you chugging along towards them. So here is the list of trading quotes by Larry Hite that gives you inspiration. Larry Hite is a hedge fund manager who, along with Ed Seykota, is one of the forefathers of system trading.
Lawrence D. Hite or Larry Hite is a hedge fund manager who, along with Ed Seykota, is one of the forefathers of system trading. He actively shaped the upcoming landscape of system trading as early as the 1980s. In 1990, Jack Schwager dedicated a chapter of his bestselling book, Market Wizards,to Hite's trading and risk management philosophy.
Why do you want to become a trader? Why trading? Iif you are thinking about becoming a trader in stock, forex, or commodity market, here are 12 reasons why I believe that being a trader is one of the best jobs in the world. Trader is one of unique profession that offers numerous benefits other professions can't. These also reasons why I choose to become a full time trader.
As stock market continues to rise, many investors and traders are desperate to buy at high prices. The same happens in cryptocurrency. Many people are desperate to buy Bitcoin, Ripple, or Ethereum at a very high price, even if they do not know what cryptocurrency is and only hope to get rich quick like everyone else has bought it before. Why is that? This happens because they are afraid to miss not get the profit. This is a phenomenon called FOMO (Fear Of Missing Out). Trading based on emotions like FOMO is very risky. What exactly is FOMO? How does it happen in terms of psychological aspects? What is the danger? And how to solve it? Read the next article to learn more about FOMO.
Many traders already know that trading success are determined by the 3M factor, as described by Dr. Alexander Elder, a professional psychologist and trader. He said that there are three pillars in trading, which is 3M (Method, Money, and Mind). A successful trader must have all three. But most traders have a misconception about these three pillars. Generally they consider these three elements has the same role in determining the success of trading. Yet the facts say otherwise. There are elements that play a bigger role in determining the success of trading. Read this article to find out more.