Roadmap to being a successful trader Step 1: Decide on your trading pattern. ... Step 2: Select the most appropriate stock trading broker for You. ... Step 3: Choose the best stocks for your investment. ... Step 4: Determine your risk tolerance. ... Step 5: Learn to be patient.
It is a high-stakes game where many are lured by the promise of quick riches but ultimately face harsh realities. One of the harsh realities of trading is the “Rule of 90,” which suggests that 90% of new traders lose 90% of their starting capital within 90 days of their first trade.
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