Sometimes, we get in over our heads. It's a natural, human thing to go through. I would know because I was once an overzealous trader in my teens. Sometimes we think we can just learn things on our own and not seek help when we keep making disastrous mistakes one after another.
I'm a student of life. I'm a student of things I want to learn more of and this includes trading. Even after 15 years of trading, I still do not know everything and I don't presume to ever do so. I know I have a whole lifetime of learning and adapting to the ever changing trading game. This is why I believe firmly in our mentorship program. It's our way of giving back to the young and new traders out there the knowledge we've amassed all these years. It's a way to avoid making the same mistakes.
However, there's a stigma for trader education. I don't know where this stigma originated from but it should be removed. Just like you need to take flying lessons to be a pilot, you need to learn how to trade to be a proper trader. I did not get to where I am without my mentors in my younger, formative years.
Most people dismiss trader education as a cost or something useless. I always laugh at this because most are willing to lose thousands of dollars making bad trades but not spend a few thousand dollars to really get a proper education and mentor.
I leave you with the wise words of my mentor: you can never put a price on knowledge especially when you know you come out a better, wiser person.
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Traders from Equity Sense will be writing on this blog on positions and other market-related things.