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PJ Garcia
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Why is reading and education yourself important as a day trader???In day trading, there are so many concepts, intricacies, nomenclature, perspectives, and opinions as to how to trade stocks. With all the information out there, it's sometimes overwhelming whether you’re a novice or experienced trader. I’d also like to make it clear that being an experienced trader does not necessarily mean that you are a successful trader. A successful trader is one that has mastery over this craft with true understanding and insight of how exactly the market works regardless of what strategy they are using. So, with all the info out there, how exactly does one navigate their way to being able to achieve full mastery over this craft? While I can’t tell you every way, as I’m still a novice, I will tell you one common sense approach which has given me an edge. It’s by reading books. As many as you possibly can. Be selective though. Sift through the garbage out there and find credible well-known books.Let me explain why reading will give you an extreme edge over traders who neglect this important approach.In order for me to illustrate the value of reading many books for the purpose of learning a craft, you’re going to have to use your imagination. Imagine you’re in a meetup with some of the most successful traders that have ever lived, past and present. Imagine you were able to take a deep look into their minds and obtain a descriptive summary of their analysis, strategies, mindset as well as obstacles and how they dealt with obstacles. Imagine you were able to just listen to all of them explain so many valuable discussion points. You didn’t interrupt them; you just spent your time being a good listener. There is no one to interrupt the conversation causing the trader to go off topic. Imagine you could spend the rest of your career doing this with the most successful traders you come across. There is a way to do this...This scenario is the equivalent of reading books by successful traders who have mastery over their craft. Don’t cut corners & don’t be lazy. If you do, you will just come to the realization after much time wasted that there are no short cuts to mastering the craft of trading. Gathering insights from experienced professionals in this field can prove to be tremendously valuable. I tell you this from experience. At the time of this writing, I have dissected around 24 books about the market and trading. I can only imagine how lost I would be without having chosen the correct route to take. That route is through reading and extensively researching. You cannot expect to go far in one of the most challenging careers in the world by following social media “gurus”, con-artists clowns with the “simple strategies” and penny stock or low float pump and dump masters. Do some scholarly research and find some credible resources with sound knowledge to build a foundation with. Mastery of day trading requires discipline and correct approach/ mindset. You must put in the work to get the consistent and long-term results. Don’t sacrifice long term success for short term satisfaction!-PJ Garcia
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