What’s the #1 myth you want to destroy? Have at it!
I’ll start: Swing trading is easier than day trading.
1 Like
Myth: You need to watch charts all day.
Not true. Set your alerts, wait for your setup, and go do something else.
2 Likes
That trading is a quick way to get rich. Truth is, it takes time, discipline, and a whole lot of learning. Ain’t no shortcut, just steady grind.
3 Likes
The entire post was just pasted in from Reddit.
Are you so anxious to get posts on the board, here, that you’re just taking text from social media and pasting it into the forum, to make it look like you’re “participating” by “starting a conversation”?!
Why are you doing this?
1 Like
Knowing that “pasting stuff in” without an accrediting link isn’t allowed here, I did report it to the moderators a day ago, and they’ve kindly acknowledged the report. I assume it will be removed soon enough (like several of his other posts 
).
3 Likes
That you gotta win every trade to be successful. Nope. It’s all about managing losses and letting winners do the work.
2 Likes
My big myth, eventually debunked, was that “confirming” what a couple of indicators are predicting, by using a couple more indicators, was a valid or reasonable approach.
It took me a long time to learn that it’s wrong, and then a bit longer to understand why. 
3 Likes
For most people I think the opposite happens: it takes a long time to understand why and only after that they learn that it’s wrong! 
1 Like
This one drives me nuts. I see it all the time and that is social media posts and flashy ads promising six figure returns while you’re sipping a latte.
But the truth? Trading is not some get rich quick scheme. You gotta grind and journal all your mistakes. Constant learning. It’s a hustle just like any real job.
Trading is 80 % psychology. It is so hard to master!
No! If that was the case people would stop trading, do all the psychology stuff, sleep with Tom “psychology” Hougaard on their ears and watch all Rande Howell videos. They are just repeating themselves over and over. My guess is that 3 weeks to a month with reading a psychology book (not Trading in the zone) and studying trading psychology at a medium intense level is enough. There is a limit too how many times you need to hear “don’t cross the road if the man on the traffic light is red”. I think testing is by far more important.
4 Likes