I was asked to speak at the TraderExpo next week by LightSpeed on this topic: Getting Started as an Active Trader. Here are my bulletpoints on what you need:
1. Domain Knowledge
2. Intrinsic Motivation
3. Critical Feedback
4. Purposeful Practice
5. Luck
6. Talent
7. Growth Mindset
8. Your PlayBook
9. Value-Add Environment
10. Mentor
What do you think is required?
Mike Bellafiore
Author, One Good Trade
4 Comments on “Getting Started as an Active Trader”
If you are going it alone, money you can lose without it effecting your lifestyle. Time to learn. Patience. Realistic Expectations. Measurable Goals. Jack Daniels.
Determination and resilience.
Good introspection skills are very useful, too.
1) Domain knowledge; 2) Intrinsec motivation; 3)Practice; 4) Critical feedback – mentor; 5) Value Add Environment; 6) Your PlayBook; 7) Growth Mindset; 8) talent
What do you mean by ‘luck’?
Funding. not to be plain. But all the practice in the world does no good if you’re stuck on the bench because you have not bat…. maybe this is where the prop desks come in.