Pre-Requite before one start trading
1. Caution.
Excitement (and fear of missing an opportunity) can often persuade you to enter the market before it is safe to do so. After a downtrend, a number of rallies may fail before one eventually carries through. Likewise, the emotional high of a profitable trade may blind us to signs that the trend is reversing.
2. Patience.
Wait for the right market conditions before trading. There are times when it is wise to stay out of the Market and observe from the sidelines.
3. Conviction.
Have the courage of your convictions: Take steps to
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Excitement (and fear of missing an opportunity) can often persuade you to enter the market before it is safe to do so. After a downtrend, a number of rallies may fail before one eventually carries through. Likewise, the emotional high of a profitable trade may blind us to signs that the trend is reversing.
2. Patience.
Wait for the right market conditions before trading. There are times when it is wise to stay out of the Market and observe from the sidelines.
3. Conviction.
Have the courage of your convictions: Take steps to
Continue Reading
posted by Bramesh at
3:26 PM
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