New Year, New Beginnings
It's all about being more educated than the next guy: Dumb vs. Smart; Hope vs. Strategy; Gambling vs. System. Like it or not, but when trading, you are competing against other traders.
It's not too late-- Start off 2015 the right way and decide that you WILL BE more educated and better prepared than other traders who you are trading against each and every day you're in the markets.
Overall, even the uneducated investors (who were long the market) fared well in 2014. They say, "Everyone is a genius in a bull market."
As you know, stocks end the year bullish. Most indices did fairly well, unless you were in small caps. Below is the breakdown of the final tally of the 2014 stock market results.
2014 Final Numbers
As a trader for 17 years this February and an educator of more than 800+ traders, I can tell anyone who will listen that trading is about 1) education and 2) experience-- and in that exact order. If you mess up this important order , you will pay dearly in 'market tuition.'
Ex. The secret to a successful trading career is much like the secret to properly flying a plane. When flying a plane, it's imperative that you get your education (ground school) first and then log your experience second; It's costly, in more ways than one, when the order is wrong. In other words, do NOT try to fly a plane without first enrolling in excellent education. It's a simple concept that even the smartest of wanna-be-traders get wrong.
PS. Make 2015 all about formalized trading education. Make it your goal to be more educated and better prepared than any other trader out there.
d-seven is the President and Founder of FreeTradingVideos.com, Inc. dba Grok Trade and FreeOnlineTradingEducation.com. d-seven is a publisher of market data via rich media and also has been published in several national trading publications. d-seven is known to be a serial entrepreneur owning multiple companies in various fields.