Richest Day Traders In The World Each trader adorns his or her own path, usually by acquiring knowledge of successful traders who came before them. Although a reference or trademark does not make you a successful trader, the insight of successful traders can tell you where to focus your attention and what you should do. Here are four tips from billionaires and successful entrepreneurs. Most of these prices are from Jack DeShugger's book, Market Wizard. Interesting books that look at different trading methods for successful entrepreneurs. When developing a business plan and strategy worth reading, analyze them for the worst case scenario. You can win 60% or 70% of the time (blatantly), but there is no doubt that you will face periods where you only win 2 to 4 of 10 trades so how does your system work? Can you make your account stable or profitable? Or does a slower period result in a larger account loss? In the worst case scenario, suppose you only win 3 or 4 out of 10 trades. That ...
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