3 Signs You'Re Not a Serious Stock Trader

Yes, you buy and sell stocks… And your social media bio does say you’re a stock trader. But then, are you really?

There’s a big difference between being a stock trader and being a serious stock trader. The former, almost imminently, is expected to end with big losses, while the latter works with a thorough plan that enables her/him to build a high-worth portfolio.

So, what kind of stock trader are you – serious one or just a casual one?

Here are three signs you’re NOT a serious stock trader:

1.You don’t dedicate an amount of time to it every day

A large population of stock traders is in the game part-time. That isn’t wrong or a problem in itself. The problem is when, in the name of ‘part-time’, they don’t commit sufficient amount of time in trading regularly. If you’re one of them, you aren’t exactly a serious trader. To be a profitable trader, it’s essential that you take out a significant amount of time every day to commit to trading – to buy/sell, analyze the market trends, talk to industry people, and consume relevant content.

2.You don’t have a well-defined goal 

This is a big mistake of the new players. They start trading with short-term, money-centric intent. They just want to trade to make money. This overall vagueness derails their trades and pace. You must know exactly what you want to achieve; how much money you want to make; where you see your portfolio in the next 6 and 20 months from now. When you know “how much”, you will automatically get to plan how you’re going to achieve that. 

3.You aren’t actively learning and growing 

You’re never perfect. There’s always a room to improve yourself, as well as your plans and strategies. If you aren’t actively investing in learning and growing yourself, you’re creating a recipe for losses and unsustainability. As a serious stock trader, you must enroll self in a good share market trading course. You must learn from online trading courses and expert articles about technical analysis. You must learn from the market movements, as well as from your own losses and mistakes.

These are three signs that you aren’t exactly a serious stock trader. If you see these signs, it’s important that you fix them in order to make better trades and build for yourself a high-worth portfolio.