Your trading style
Many people starting off in the market think that you must be a daytrader if you are going to trade stocks. Or they think they must be a long term investor. They have a preconception of what it is that they are supposed to be and so they try to fit into it. But I think it takes a long time to find your style and a system that fits your personality. It is an ongoing process. But I think it is very important to find a system that you fit into comfortably. Instead of pulling your hair out each day, it is important to find a system where you are comfortable with losing as well as with winning as well as with not making trades. And you have to have enough control to stick to what works and feels right for you.
I believe that whether a person daytrades, invests for the long term, swing trades or whatever they do with almost any system - even throwing darts - by keeping a tight limit on risk with position sizing and stops - and no limit on gains - it isn’t hard to come out on top.
