How to Survive That Tough First Year

	Alan Farley The Street.com
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Go with the trend, don't be blinded by profits and losses, and learn to trust your own opinions.

Surviving your first year as a trader will go a long way toward ensuring your survival in the market. Each position becomes a reality check during this tough period, as price action shows an uncanny ability to steal your capital. In fact, the pain of the experience forces most newbies to move on to less stressful hobbies.

A large majority of all traders will wash out in their first year. It's hard to get exact numbers because brokers guard their clients' performance records very closely. After all, it's not good for business if customers find out that the odds are stacked firmly against their success.

With this in mind, let's look at...

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