November 11, 2014
Trading Secrets? What are the secrets?
Secret No 1:
Trading is business!
Has anyone ever tell you that enter into trading it means you are starting up a business? I trust no one will share this with you. Can you tell me that do you plan to loss your capital when you enter a trade? No, right? Everyone whom jump into a trade is because they want to make some money. Make money! If I will hear you. But, no one, your trainer, your broker, your best friend, and … have remind you trading is business!
The best many brain wash you that trading is a sideline, just do it when you have some free time. See some advertisement punch lines, “You can stay home and make extra pocket money!”, “I am a housewife, but I make extra pocket money through trading!” No, no! This is not true, you do not dive into any trade or markets without making any plan. If you happened to be the one like the advertisement, congratulation! You probably are a few lucky one, and you may not last. This is not cursing. This is just to remind you. If you do not take your trading seriously, as serious as you are running a business, you think you can make money!?
It does not matter you stare at the screen the whole day or don’t. Trading is Business! For business you need a business plan, for trading you need a trading plan.
Trading Plan: what is your entry strategy, what is your exit rules. What is your money management? If you do not want to throw away your hard earned money, and want to multiply your money. Think; and start planning.
Stop trading, start thinking. Make you plan before you start.
Just attend a few trading courses and believe you can trade well! Is like just attend some education, and expect you are become Bill Gate! No way!
Besides that “One” trading rule you should have it in your Rule Pack is “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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