In June last year, much to the disappointment of my parents and ridicule of my friends, I left a lucrative corporate job to make a living trading the ASX.
Now, as the new financial year dawns I’ve taken stock of the past year and asked myself, was it worth it? As a novice myself, I found learning how to trade akin to drinking from a firehose. These are some of the lessons I learned.It’s about expectations, not reality. You would think that if anything could bring the market crashing down it would be a global pandemic. But in the past financial year the Australian market has rallied aSocial media is a bad influence. Social media groups of day traders encourage reckless behaviour such as “buying the dip” and “rocket chasing”.
Yep definitely an emotional roller coaster