Fooled by Randomness
Investing
How to Start a Rewarding Career in Trading
from Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto) by Nassim Nicholas Taleb
How to Apply This
- Learn about the markets.
Take the time to research the different markets and trading strategies. Read books, watch videos, and talk to experienced traders to gain a better understanding of the markets. - Create a trading plan.
Develop a trading plan that outlines the goals, strategies, and risk management techniques that will be used. This plan should be tailored to the individual's goals and risk tolerance. - Start trading.
Begin trading with a small amount of capital and gradually increase the size of the trades as the trader gains more experience. It is important to practice risk management techniques and to stick to the trading plan. - Monitor the markets.
Monitor the markets regularly to stay up to date with the latest news and trends. This will help the trader to make informed decisions and to adjust the trading plan as needed. - Evaluate performance.
Evaluate the performance of the trades on a regular basis to identify areas of improvement. This will help the trader to become a better trader and to maximize profits.
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