A sound business will make money and hobbies will take money out of your pocket.
• Be thorough about your business
• Set realistic expectations
• Uncertainty is the part of the game
• Strategize to maximize your business's potential
2. Know yourself & your trading type:
• Intra-day trader: Entries & exits within the same day
• Swing trader: Involves holding positions over a period of days or weeks
• Positional trader: Trade lasting for several days or weeks even months
• Scalper: Quick entries and exits