- Emotional control - losing in trading isn’t just inevitable, it is expected. Knowing how to win is natural, knowing how to lose is what makes
the difference between the profitable trader, and the 99% who give up. Learning to control your emotions and act rationally in front of charts
will inevitably carry over to your personal and professional life.
- Developing a rare skill - value is based on scarcity, being a profitable trader is one of the hardest and rarest skills one can have. Developing
your ability to consistently make money won’t just help you with markets, but also future employment in the finance industry; you will be
more investable.
- Critical Thinking - trading is about ignoring the noise of others, everyone has their own opinion, but not everyone is profitable. Trusting
yourself and your analysis of whatever problem you are faced will also carry over to all aspects of your life, if you can make the correct
decision in front of something as powerful as the stock market, you will likely also make correct decisions in your personal life.
- Problem Solving - everything has a reason, if you aren’t making money you need to ask yourself why. Going down the list of possible
reasons why you are losing money is the same as going down the list of possible reasons why you are in a situation where you are not
content with your life, job, or relationship. If you can’t do that to solve your problems, whether it be personal or in front of a chart, you are
destined to stay static.
- How to make money - this is often the first thing that appeals to new traders. Getting money into your bank account is the final step in a
long path of failure, despair and wanting to give up. But getting your bank balance up is 100% achievable for you if you are willing to be
dedicated enough; but remember that trading is not all or nothing, you can participate occasionally and still develop all the previous
mentionned.
If you have any questions about the Trading Group or you would like to join the Trading Group please email s.huxford@uea.ac.uk or fill out the form below.