Everything about stock market in 6 questions!
1. Is it possible to make a living in stock market?
Yes, when you have financial freedom and 10 years' concrete stock trading experience.
No, when you don't have enough money to support yourself or you are a newbie in stock market.
Short answer: If you don't need money, you get more money. If you need money, you lose more money.
2. How to make money in stock market?
Be Fearful When Others Are Greedy and Greedy When Others Are Fearful.
Then how can I overcome greed and fear?
You will never overcome greed and fear by yourself.
The only reason that can do opposite is that you have financial security, so you can be calm when others are fearful.
3. Do I have a personality to make money in stock market?
If you are sensitive, you will sell a stock once it is up or down just a little. You won't lose much money, but you won't earn much money either.
If you are not sensitive, you can sit tight, but you are not able to know the right time to sell. Maybe you have a huge paper profit, but very possibly you will sell it at wrong time when the stock is depressed.
No matter you are sensitive or not, you don't have the right mindset to make profit. The fundamental factor is financial security, so that you will never fail.
4. Why I always lose money?
Most people in stock market have above average wage. They are competitive workforce in job market. If you think about this, you will know how hard to make money by speculation rather than long term investment since all the competitors are clever. This is the reason why the people who are not that clever always win in stock market by holding mutual funds only. They are not competing with other people in speculation, but only ride on the growth of economy.
5. How can I discipline myself in stock market?
Self discipline is ridiculously weaker than the impulse of baisic instinct. Don't trust yourself about the ability to think wise, but create a way that you can invest without too much discipline. Great investors have financial freedom, which is 99% reason why they are well disciplined.
6. What is psychology of trading?
Below are good examples.