Trading may be a simple process of buying and selling. Trading is simple, but it is never easy. Not much people succeed in trading because lack of study in depth about stock trading. Beginners might even think that trading is about Technical Analysis, buying at support and selling at the resistance. But they are still far away from being a successful trader. Here is a list that you can go through to see if you actually understand every thing about trading.
1.) Trading is about taking small losses and making big profits. But never to have big losses.
2.) Trading is about managing your own anxieties.
3.) You can never predict the stock market.
4.) Not every strategy in the market is profitable. You can't trade based on your own personality. You must trade with a proven profitable strategy. I would highly recommend Trend-following m.ethod. It is proven by many successful top traders such as Ed Seykota, David Harding, Richard Dennis and William Eckhart.
5.) Stock Trading is not gambling. It is totally different. The only similarity is that in short-term they both are based on luck.
6.) The market doesn't care about your feelings, the market won't give you profits to symphathize you.
7.) Systematic approach is very important in trading. being Discipline always wins being smart in trading.
8.) You should always do position sizing when you trade. If not, you will go broke very fast.
9.) Never to use demo account to trade. You won't learn anything from trading. Just of the opposite, it makes it worse. Because there is no real money involved in the trade, you will feel that trading is easy. When you put money into a situation, they always become much more complicated.
10.) Always formulate a plan to buy, sell and stop-loss before the market. Because during the market, you are more prone to error.
11.) Trading is a game of probability.
12.) Money management can help to reduce many of the emotional error that you will be making in trading.
13.) Patience is the key to success in trading.
14.) When you are right, you win profits. When you are wrong, you should cut your losses short. No second thought.
15.) Technical analysis is not 100% reliable, Fundamental analysis is not 100% reliable. Nothing in market is reliable. That is why stock market is unpredictable. They only gives you high probability of achieving profits.
16.) When you talk about trading, you talk about Risk management, Money management, Emotional Discipline, Formulating a plan to buy,sell and stop-loss and having a profitable strategy.
If there is any of the point that you are not clear, you may stil need more reading to learn about trading. Maybe this is the reason why you are not profitable in the current moment? Hope this helps you to become a better trader.
To learn more about trading you can visit : https://klsetrader.com/2018/07/26/stock-trading-basic-must-know/
Hope this helps you to be a much more profitable trader.