Is Stock Trading a Hard Thing and a Scary Skill? (2024)

Frequently this question comes into my mind whenever I get confused and find it hard to assess the direction of the market. It’s true, stock trading can be challenging for many people. Why this? It’s because there is no holy grail systems ever evolve and no system is perfect to guide you through a profitable trade all the time.

It requires a significant amount of research, analysis, and understanding of financial markets, as well as the ability to make informed decisions based on that information. On the top of it, the stock market can be volatile and unpredictable, and there are no guarantees that any particular trade will be successful.

I started my investing journey in sometimes around 2007 without having any investing knowledge, be it fundamental or technical. With my little bit of savings I invested some of the small-cap stocks where a few legendary investors had put their money into. Initially I made some decent profits, but then came the Subprime crisis in 2008 and the whole global market crashed heavily. I lost all my money.

I was from a poor middle class family background with scanty lifestyle. I had to wait for my savings to grow so that I could start investing again as I was very passionate investor. Gradually I realized that I should educate myself first and then investing my heard-earned money in stocks. I learned some invaluable techniques from a renowned EWP practitioner. And when I sharpened this high-probability Elliott Wave technique along with the price action strategy, I found it deadly. From then on I am making decent profits on consistent basis.

One of neighbor Mayuri had always been passionate in stock trading, and despite the stories of it being difficult, she was determined to put her money into play. She spent years studying charts and carefully selecting stocks only to realize that she'd inadvertently invested in a company that sold dog food company stock that had skyrocketed eventually. She had relished her success story.

With proper education and experience, many people find that stock trading can be a rewarding and profitable business activity. It's essential to do your research properly and be disciplined in your approach to investing. Traders need to understand the trading psychology behind a trade and keep on practicing all such activities like aerobic exercise, meditation to keep your head cool all the time.

A positive mindset is a must if you want to get desired results. Through all such activities you’ll be able to control you emotionally during market fluctuations. Else a disturbed mind can lead to poor decision-making. Overall, whether or not stock trading is hard depends on your level of knowledge, experience, and comfort with taking calculated risks.