Now that I am approaching 40, I asked myself what I would tell my 20 year old self that wanted to get into trading.
In this podcast, I share my thoughts and provide some practical tips for young traders.
Timestamps from the episode:
0:00 Start
0:22 You have time
1:46 Play the long game
4:06 Realistic expectations
5:50 Are you a day trader or a swing trader
8:07 Good habits, backtesting, journaling
10:09 Demo trading
11:15 Position size
12:58 Get an education
15:04 You can have a part-time job
16:45 It takes money to make money
17:45 Admit when trading is not for you
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Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.