Showing posts with label advanced. Show all posts
Showing posts with label advanced. Show all posts

Thursday, February 5, 2009

Hard Work...

People think this market is easy! Real gains give you a punch in the stomache before you can achieve this great montain!
You have to push yourself to give your best in order to improve every day.
Within a certain time it will be somekind easier,but only because you have done that a million times before and studied hard.
Many people are and will never be ready to play this game for real, because you have to be able to lose big money, but some will have the experience and courage. Accomodation of losses demands that you have to be strong mentally.

Train, train, train and then,, have i said train? With time things will get every time better.

FACT: If 100 people were to start trading for the first time today, only 20 of them would still be trading after one year. After five years, there would only be five!
WHY?: Because the single most difficult decision a trader must make is when to pull the trigger - and most traders simply do not have the experience, or the nerve, to get more it right more often than not.

If you, like me, have standard reactions like everyone else, then in regular market conditions , our experience and and ability to think with common sense will destroy the best approach. Unfortunately, because the way the market is arranged, each time you join the crowd, you will definitively loose.

Losing is not your enemy. It is the foundation of your sucess.
Traders win because they are sucessfull. Winning is the floor that blooms after the long, sucessfull journey of growth has been made. Winning rarely, if ever, occurs during this journey, and it cannot certainly occur before the journey.


All the best for this difficult month of February for trading,

Thursday, January 29, 2009

Get a life - Do you know why you trade?

The fact is that trading has to be about one thing - making a profit.

For some traders it is an escape.
They hate the world around them, their boss, their job, everything.

Live a balanced life. Meet people, get out.
You won´t start making money from one day to another.
There is a big learning curve.
So to avoid mistakes made by pressure, have also other cool stuff to do.

Believe me, it works because all your hapiness will not be dependent on your results. You will not quick so quickly. And long term learning is really the key.
You will not get a depression because of a bad day, and you will want to achieve long term learning and profiting.
If not, you will operate from emotion, instead of cold mechanical thinking that´s the hallmark of a good trader.
"The most important factor is not the set of rules of use, but your discipline."

So, getting a life with other cool stuff will help you getting better at trading.


Cheers,


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