January 31, 2015
Trading Secrets? What are the secrets? If you follow this site, you may remember last November we discuss Trading Secret. Here is the continuation.
Secret No 2:
Trading is business! Business do not make money all the time! So does trading!
Win and lose are part and parcel of trading! Just like business, the business is not always making money, some days make profit and some days just do not. However, many of the trainers whom are out there teaching their well cap secret trading strategy or method will all avoid tell you this. In all their example, they will always share with you that how many points or pips they have gain with their method.
If you have a chance to speak to professional traders, successful fund managers they are advise you that making lose of some trades are part and parcel of trading. The question is what have you learnt from the loss and how you manage the lost?
Don’t get me wrong here! We are not here to spoil those trainers business.
Just remember, business do not make money all the time! So, like trading it is important to know how to manage your money and risk? No different from business. Add this another trading rule you need to take note.
Stop searching, start trading ‘well’. Manage your money.
Continue learning is a must in trading! And stop searching for the Holy Grail; trading method that sure win. You must also agree that small money win small, big money win big. So if you do not have the stomach (or capacity) do not try to swallow an elephant. Just take a bite size at a time, the bite size you can handle. Eventually you will swallow the elephant. Do not over trade!
No different in running a business.
“Don’t believe anybody, only trust yourself”. Think! And Think before you act!
Chat again soon. Will share with you more trading secrets!
Thanks for checking out the site.
Moses
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