1. Home
  2. News
  3. Decalogue of trading

Decalogue of trading

Decalogue of trading
You can become a successful doctor, lawyer or businessman in a month? Unlikely. The same happens with the profession of trader. It takes hard work and perseverance, planning and preparation. If you do not plan, you are probably in the wrong place.

Command 1
Not for all the trading
To trading is not conventional profession, fixed time and fixed salary.
It's in your nature to livelihoods as self-employed? You can work without a fixed salary? You are psychologically ready to risk your money?
A self-employed may be able to work less, with multiple earnings of the employee, but must be willing to take the risk of not taking neither cents. Even worse, "tucked in". That pays to work!
There is simply likely to find your way difficult. Certainly. It is important to accept the rather oppose them.
The key to success is to identify the open door and be brave enough to cross. Will power is the cornerstone to reach your goal. Not an easy task, but worth it.

Command 2
Take your losses
Accept the loss. It's part of the game. If your move is wrong, to stop. Advancing to the next move instead of trying to "get your money." The thought that can not be missed, because your idea was nice, not just stupidly selfish. It is destructive.
Some follow a preposterous theory that when mounting them loses, does not matter. There are real losses, but accounting. Real will make when selling.
There is no better way to be destroyed. The loss control is the most important thing you can do. No matter how you do it. Enough to ensure that you'll never leave a position uncontrollably loses.


Read the rest of this article by clicking the link below:

http://traders-mag.gr/ebook/2014/12/index.html#50

Read free magazine by subscribing here:

http: //www.traders- mag.gr/index.php/com ponent / comprofiler / r egisters
© 2026 - Livemedia. All Rights Reserved