February 21, 2011, 10:19 AM, admin
Archive for the ‘Career Trading’ Category
February 21, 2011, 10:15 AM, admin
October 5, 2010, 1:26 PM, SHAWN
Gambling and Trading are often said to be synonymous to each other. Both involve risking your money with the hopes of more monitory gains. Both offer the opportunity to earn more money but they can also ruin your financial status when you don’t handle it very well.
Gambling is the game of chance. The attractiveness of its supernatural returns makes it addictive in nature. The choice in gambling is based on preference of favorable position often based on instincts, astrology, numerology or other similar methodologies. It is governed by both skills and chance. A gambler usually depends on pure luck!
Day Trading, is the art of buying and selling of stocks within a period of time. Some of the more commonly day-traded financial instruments are stocks, stock options, currencies, and a host of futures contracts such as equity index futures, interest rate futures, and commodity futures.
It is also an act of risking money with the hope of gaining more profits in every trade you make but good trader doesn’t depend on luck alone; he must be properly trained and has the right knowledge on the ins and outs of the business and he has the choice to limit losses with stop-loss and other tools.
Successful day traders, have a carefully proven and tested strategy before making actual trades. Discipline plays a very important role in both gambling and trading; one must know his limitations to avoid losing all his money. While both have the potential to maximize your profit, it will still depend on proper money management.
October 2, 2010, 12:37 PM, David
If you want to be a successful day or swing trader, you need continuous effort. You must always keep yourself updated on what is happening on the market.
Learn new strategies and have time to practice it before using it on actual trade. Attend day trading online seminars and workshops to add knowledge to what you already know. This will also give you the chance to meet other like-minded people, be able to share experiences and learn new ideas from them.
It is important to set a goal to motivate yourself to work harder in improving your craft. Record your trading activities for yourself to be able to review your mistakes to avoid losses on future trades and avoid making the same mistakes. This also gives you the chance to analyze what trading strategy gave you profits and may be helpful to you again in future trades. With a goal in mind, make a list of certain rules and strictly follow it. Be sure to write it down and put it to places where you can easily read it as reminders for you to be able to avoid impulsive trading. Constant research is the key to keep you updated on what’s happening in the trading industry.
Trading can be an enjoyable , way of earning money but thinking about the market all the time can also stressed you out. It would be good for you to take a break, have some time to relax! This will give you time to clear your mind and be ready to hit the market with renewed energy.
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